Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$83.00 by Analysts at Royal Bank Of Canada

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price dropped by research analysts at Royal Bank Of Canada from C$84.00 to C$83.00 in a report released on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target points to a potential upside of 32.55% from the company’s previous close.

A number of other equities analysts have also recently commented on BEI.UN. ATB Cormark Capital Markets lowered their price target on Boardwalk Real Estate Investment Trust from C$80.00 to C$77.00 and set an “outperform” rating for the company in a report on Thursday. Scotia reduced their price objective on Boardwalk Real Estate Investment Trust from C$74.00 to C$73.50 and set a “sector perform” rating on the stock in a research note on Thursday. National Bank Financial reduced their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$74.25 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Finally, Scotiabank decreased 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 report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.47.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN traded down C$0.16 during trading on Thursday, hitting 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 twelve month low of C$59.93 and a twelve month high of C$70.12. The company has a market cap of C$3.27 billion, a price-to-earnings ratio of -73.67, a PEG ratio of 1.24 and a beta of 0.56. 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 business has a 50 day moving average price of C$61.83 and a 200 day moving average price of C$64.63.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its earnings results on Tuesday, November 3rd. The real estate investment trust reported C$0.19 earnings per share for the quarter. The firm had revenue of C$159.82 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. Equities research 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.