Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$76.00 by Analysts at BMO Capital Markets

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective trimmed by BMO Capital Markets from C$77.00 to C$76.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on BEI.UN. TD Securities decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. National Bank Financial reduced their target price on Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating for the company in a report on Monday. 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 research note on Monday. Finally, Raymond James Financial upgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$80.00 to C$83.00 in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$81.19.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock opened at C$65.55 on Monday. The stock has a market capitalization of C$3.49 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.24 and a beta of 0.55. The company’s fifty day moving average price is C$66.87 and its 200 day moving average price is C$67.02. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$75.37.

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

Boardwalk Real Estate Investment Trust Announces Dividend

The business also recently declared 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 dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 31.90%.

Key Stories Impacting Boardwalk Real Estate Investment Trust

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.