Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives C$81.19 Consensus PT from Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$81.19.

Several analysts have recently issued reports on BEI.UN shares. Scotiabank reduced their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. BMO Capital Markets reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a report on Monday, February 23rd. 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. Raymond James Financial cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating for the company in a research report on Monday, February 23rd. Finally, Desjardins reduced their price objective on shares of 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, February 23rd.

Boardwalk Real Estate Investment Trust Stock Down 1.5%

Shares of TSE BEI.UN opened at C$65.55 on Tuesday. The firm’s 50-day moving average is C$67.21 and its two-hundred day moving average is C$66.81. The company has a market capitalization 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. 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 debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

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 (EPS) for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The company had revenue of C$164.85 million for the quarter. Equities analysts anticipate that Boardwalk Real Estate Investment Trust will post 4.4537396 EPS for the current fiscal year.

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.