Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$81.75 at Scotiabank

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its target price reduced by stock analysts at Scotiabank from C$84.75 to C$81.75 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank's target price would suggest a potential upside of 14.35% from the stock's current price.

BEI.UN has been the subject of several other research reports. Royal Bank of Canada boosted their target price on 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. BMO Capital Markets reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. National Bankshares lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday. CIBC increased 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, Raymond James lowered shares of Boardwalk Real Estate Investment Trust from a "strong-buy" rating to an "outperform" rating and lifted their price target for the stock from C$96.00 to C$100.00 in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to 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 Trading Down 0.4 %

Shares of Boardwalk Real Estate Investment Trust stock traded down C$0.31 during trading on Thursday, hitting C$71.49. The stock 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 PE ratio of 5.29, a PEG ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 12 month low of C$64.40 and a 12 month high of C$91.81. The firm's fifty day simple moving average is C$82.88 and its 200-day simple moving average is C$76.83. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other 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 value of C$709,560.00. Corporate insiders own 17.92% of the company's stock.

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.

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