Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$75.50 Price Target at Scotiabank

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by Scotiabank from C$78.00 to C$75.50 in a research report sent to investors on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on BEI.UN. National Bank Financial cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating on the stock in a report on Monday. TD Securities dropped their target price on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. BMO Capital Markets reduced their price target on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a report on Monday. Desjardins lowered their price objective on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating for the company in a research note on Monday. Finally, 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 on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$81.19.

Boardwalk Real Estate Investment Trust Stock Down 1.8%

TSE BEI.UN opened at C$65.55 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.37. The business has a 50 day moving average price of C$66.87 and a two-hundred day moving average price of C$67.02. The stock has a market cap of C$3.49 billion, a PE ratio of 13.40, a P/E/G ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) EPS for the quarter. The firm had revenue of C$164.85 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. As a group, sell-side analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

Boardwalk Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.135 dividend. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 28th. Boardwalk Real Estate Investment Trust’s payout ratio is currently 31.90%.

More Boardwalk Real Estate Investment Trust News

Here are the key news stories impacting Boardwalk Real Estate Investment Trust this week:

• Positive Sentiment: Raymond James cut its target slightly from C$83.00 to C$82.00 but kept a “strong-buy” rating, still implying ~25% upside. Read More.
• Positive Sentiment: National Bank Financial lowered its target from C$82.50 to C$81.00 but maintained an “outperform” rating, implying ~23.5% upside. Read More.
• Neutral Sentiment: Desjardins trimmed its target from C$79.00 to C$78.00 and kept a “hold” rating, implying ~18.9% upside — a neutral stance that likely has limited directional impact. Read More.
• Neutral Sentiment: Scotiabank lowered its target from C$78.00 to C$75.50 and maintained a “sector perform” rating (implied ~15.2% upside), another modest trim with neutral tone. Read More.
• Neutral Sentiment: BMO Capital Markets cut its target from C$77.00 to C$76.00 and left a “market perform” rating (implied ~15.9% upside); another target reduction that signals caution but not a downgrade to sell. Read More., Read More.

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.