Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$73.50 by Analysts at Scotia

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price lowered by Scotia from C$74.00 to C$73.50 in a report released on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotia‘s price target would suggest a potential upside of 17.37% from the stock’s current price.

BEI.UN has been the subject of several other research reports. National Bank Financial decreased their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$74.25 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Scotiabank dropped their target price on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$77.47.

Boardwalk Real Estate Investment Trust Stock Down 0.3%

TSE:BEI.UN traded down C$0.16 during midday trading on Thursday, reaching C$62.62. 97,521 shares of the stock traded hands, compared to its average volume of 118,512. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.93 and a 12-month high of C$70.12. The business has a 50-day moving average of C$61.83 and a two-hundred day moving average of C$64.63. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a market capitalization of C$3.27 billion, a PE ratio of -73.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its earnings results on Tuesday, November 3rd. The real estate investment trust reported C$0.19 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The company had revenue of C$159.82 million during the quarter. On average, equities analysts forecast that Boardwalk Real Estate Investment Trust will post 4.45 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.