Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Average Rating of “Moderate Buy” from Analysts

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$81.19.

A number of research firms have recently weighed in on BEI.UN. Raymond James Financial cut their target price on 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 report on Monday, February 23rd. BMO Capital Markets decreased their price target on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a research report on Monday, February 23rd. National Bank Financial dropped their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. TD Securities cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Finally, Desjardins reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd.

Boardwalk Real Estate Investment Trust Stock Up 1.8%

TSE BEI.UN opened at C$65.52 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$75.37. The company has a 50 day moving average of C$67.23 and a 200-day moving average of C$66.70. The company has a market cap of C$3.47 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.24 and a beta of 0.40.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. The company had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. On average, equities research analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

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.