Raymond James Has Lowered Expectations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price dropped by investment analysts at Raymond James from C$98.00 to C$91.00 in a research note issued on Thursday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 27.29% from the stock’s current price.

Several other analysts have also commented on the company. National Bankshares cut their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday. BMO Capital Markets cut their price target on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday, October 28th. Scotiabank lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday. CIBC boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$87.28.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN stock traded down C$0.31 on Thursday, hitting C$71.49. The company had a trading volume of 115,053 shares, compared to its average volume of 123,861. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 1.24 and a beta of 1.76. 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 stock’s 50-day simple moving average is C$82.88 and its 200 day simple moving average is C$76.83. Boardwalk Real Estate Investment Trust has a 12-month low of C$64.40 and a 12-month high of C$91.81.

Insider Activity at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total transaction of C$709,560.00. 17.92% of the stock is currently owned by insiders.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.