TD Issues Pessimistic Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by equities research analysts at TD from C$85.00 to C$82.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD’s target price would suggest a potential upside of 26.33% from the stock’s current price.

BEI.UN has been the subject of several other research reports. Raymond James Financial decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$82.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a research note on Monday, February 23rd. Desjardins decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Scotia decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$79.50.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock opened at C$64.91 on Thursday. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The company has a market capitalization of C$3.38 billion, a P/E ratio of 71.33, a P/E/G ratio of 1.24 and a beta of 0.40. The company’s 50-day simple moving average is C$65.37 and its two-hundred day simple moving average is C$65.49. Boardwalk Real Estate Investment Trust has a one year low of C$60.75 and a one year high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last posted its quarterly earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) 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$164.85 million for the quarter. As a group, equities analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current year.

Trending Headlines about Boardwalk Real Estate Investment Trust

Here are the key news stories impacting Boardwalk Real Estate Investment Trust this week:

• Positive Sentiment: Raymond James lowered its price target to C$80 from C$82 but kept an outperform rating, implying further upside from the current share price. BayStreet.CA analyst rating update
• Positive Sentiment: RBC, TD, and Desjardins all maintained favorable views on Boardwalk Real Estate Investment Trust (BEI.UN) with outperform or buy ratings, suggesting analysts still see meaningful upside despite slightly lower targets. Tickerreport.com analyst rating update
• Neutral Sentiment: RBC trimmed its target to C$81 from C$82, TD cut its target to C$82 from C$85, and Desjardins reduced its target to C$77 from C$78; these are small adjustments and do not change the broader bullish tone. BayStreet.CA analyst rating update
• Neutral Sentiment: Scotia was the most cautious of the group, lowering its target to C$74.50 from C$75.50 and keeping a sector perform rating, which signals more limited near-term conviction. BayStreet.CA analyst rating update
• Negative Sentiment: The stock may be under pressure because Raymond James’ downgrade from strong-buy to outperform removes some of the most bullish conviction on the name, even though the target still suggests upside. BayStreet.CA analyst rating update

About Boardwalk Real Estate Investment Trust

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.