Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$81.00 Price Target at Royal Bank Of Canada

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective lowered by stock analysts at Royal Bank Of Canada from C$82.00 to C$81.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 23.18% from the stock’s previous close.

A number of other research analysts also recently commented on the company. BMO Capital Markets dropped their price target on 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 note on Monday, February 23rd. National Bank Financial reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Raymond James Financial lowered 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. Desjardins decreased their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Scotiabank dropped their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating for the company in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$79.70.

Boardwalk Real Estate Investment Trust Stock Performance

TSE BEI.UN traded up C$0.36 during trading on Thursday, reaching C$65.76. The company’s stock had a trading volume of 125,837 shares, compared to its average volume of 126,855. Boardwalk Real Estate Investment Trust has a 12 month low of C$60.75 and a 12 month high of C$75.37. The firm has a 50 day moving average price of C$65.37 and a 200 day moving average price of C$65.49. The firm has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.24 and a beta of 0.40. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its quarterly earnings results on Friday, February 20th. 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 during the quarter. As a group, 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.