Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$95.00 at TD Securities

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective decreased by stock analysts at TD Securities from C$100.00 to C$95.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price objective suggests a potential upside of 32.89% from the stock’s current price.

BEI.UN has been the topic of several other research reports. Royal Bank of Canada raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. CIBC lifted their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Scotiabank reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Raymond James downgraded shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from C$96.00 to C$100.00 in a research note on Friday, September 6th. Finally, National Bankshares raised their price objective on Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN traded down C$0.31 on Thursday, reaching C$71.49. The company had a trading volume of 115,053 shares, compared to its average volume of 123,861. Boardwalk Real Estate Investment Trust has a 52-week low of C$64.40 and a 52-week high of C$91.81. The company has a market cap of C$3.53 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The business has a 50 day simple moving average of C$82.88 and a 200 day simple moving average of C$76.83.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In related news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total transaction of C$709,560.00. 17.92% of the stock is owned by company 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.