Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$91.00 Price Target at Raymond James

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective dropped by stock analysts at Raymond James from C$98.00 to C$91.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 27.29% from the stock’s current price.

Several other research firms also recently commented on BEI.UN. Royal Bank of Canada dropped their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday. CIBC increased their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Scotiabank lowered their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday. TD Securities reduced their target price 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 note on Thursday. Finally, National Bankshares cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$87.28.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN traded down C$0.31 during midday trading on Thursday, reaching C$71.49. The company had a trading volume of 115,053 shares, compared to its average volume of 123,861. Boardwalk Real Estate Investment Trust has a 12-month low of C$64.40 and a 12-month high of C$91.81. The business has a 50-day moving average price of C$82.88 and a two-hundred day moving average price of C$76.83. The stock has a market cap of C$3.53 billion, a PE ratio of 5.29, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is owned by company insiders.

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.