Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$81.00 at National Bank Financial

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective lowered by National Bank Financial from C$82.50 to C$81.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently 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 for the company in a research note on Friday, December 12th. Raymond James Financial raised Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from C$80.00 to C$83.00 in a research report on Wednesday, January 14th. Finally, Desjardins lowered their target price on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$81.19.

Boardwalk Real Estate Investment Trust Stock Down 1.8%

Shares of BEI.UN opened at C$65.55 on Monday. The firm 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. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.10 and a 12-month high of C$75.37. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The firm has a fifty day moving average price of C$66.87 and a 200-day moving average price of C$67.02.

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

Boardwalk Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.135 per share. 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 dividend payout ratio (DPR) is 31.90%.

Trending Headlines about 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.

Boardwalk Real Estate Investment Trust Company Profile

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.