Raymond James Has Lowered Expectations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

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 report issued on Thursday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 27.50% from the company’s current price.

A number of other research analysts have also commented on BEI.UN. Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday. TD Securities decreased their target price on 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. CIBC lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BMO Capital Markets decreased their price objective on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Finally, National Bankshares lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$87.28.

Boardwalk Real Estate Investment Trust Trading Down 1.0 %

Boardwalk Real Estate Investment Trust stock opened at C$71.37 on Thursday. Boardwalk Real Estate Investment Trust has a one year low of C$64.40 and a one year high of C$91.81. The company’s fifty day moving average price is C$82.34 and its two-hundred day moving average price is C$76.81. 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 company has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 1.24 and a beta of 1.76.

Insider Transactions at Boardwalk Real Estate Investment Trust

In related news, Senior Officer James Ha sold 8,100 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is currently owned by 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.