Raymond James Cuts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$82.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by investment analysts at Raymond James from C$91.00 to C$82.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 33.03% from the company’s current price.

Other analysts have also recently issued reports about the stock. TD Securities cut their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. National Bankshares cut their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Scotiabank dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Finally, BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average price target of C$84.98.

Boardwalk Real Estate Investment Trust Stock Down 0.2 %

Shares of BEI.UN stock traded down C$0.11 on Monday, hitting C$61.64. The stock had a trading volume of 53,772 shares, compared to its average volume of 98,355. The firm has a market capitalization of C$3.05 billion, a price-to-earnings ratio of 4.56, a P/E/G ratio of 1.24 and a beta of 1.76. The stock’s 50 day moving average is C$67.71 and its 200-day moving average is C$75.47. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a 52-week low of C$61.07 and a 52-week high of C$91.81.

Insider Buying and Selling

In related news, Director Scott Andrew Morrison bought 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$69.75 per share, for a total transaction of C$59,288.01. Corporate insiders own 17.92% of the company’s stock.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.