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 target decreased by Raymond James from C$91.00 to C$82.00 in a report issued on Monday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 33.03% from the stock’s previous close.

A number of other research firms have also commented on BEI.UN. National Bankshares reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$84.98.

Boardwalk Real Estate Investment Trust Trading Down 0.2 %

BEI.UN stock traded down C$0.11 during mid-day trading on Monday, reaching C$61.64. 53,772 shares of the stock traded hands, compared to its average volume of 98,355. 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 52-week low of C$61.07 and a 52-week high of C$91.81. The company has a market cap of C$3.05 billion, a P/E ratio of 4.56, a P/E/G ratio of 1.24 and a beta of 1.76. The stock’s fifty day moving average is C$67.71 and its 200-day moving average is C$75.47.

Insider Activity at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison purchased 650 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company’s stock.

About Boardwalk Real Estate Investment Trust

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.