Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$82.00 at Raymond James Financial

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective reduced by Raymond James Financial from C$83.00 to C$82.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have a strong-buy rating on the real estate investment trust’s stock.

BEI.UN has been the subject of several other research reports. BMO Capital Markets reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating for the company in a research report on Monday. TD Securities reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, December 12th. Desjardins lowered their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday. Finally, National Bank Financial dropped their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating on the stock in a research report on Monday. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.19.

Boardwalk Real Estate Investment Trust Stock Down 1.8%

Shares of TSE BEI.UN opened at C$65.55 on Monday. The business has a 50-day moving average price of C$66.87 and a 200 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 price-to-earnings-growth ratio of 1.24 and a beta of 0.55. 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 52-week low of C$59.10 and a 52-week high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share for the quarter. The firm had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. Equities research analysts forecast that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current year.

Boardwalk Real Estate Investment Trust Announces Dividend

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

Boardwalk Real Estate Investment Trust News Roundup

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.