Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Downgraded by BMO Capital Markets to "Market Perform"

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$73.00 target price on the real estate investment trust's stock, down from their previous target price of C$84.00. BMO Capital Markets' target price would indicate a potential upside of 14.49% from the company's current price.

BEI.UN has been the topic of several other research reports. Scotiabank dropped 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, November 7th. 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 report on Thursday, November 7th. Raymond James cut their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$91.00 in a research report on Thursday, November 7th. TD Securities reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, National Bankshares reduced their target price on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$85.88.

Boardwalk Real Estate Investment Trust Trading Down 5.4 %

TSE BEI.UN traded down C$3.62 on Wednesday, hitting C$63.76. 424,979 shares of the company were exchanged, compared to its average volume of 126,426. The firm has a market capitalization of C$3.15 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.47 and a twelve month high of C$91.81. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The company's 50 day moving average price is C$73.05 and its 200-day moving average price is C$76.30.

Insiders Place Their Bets

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison acquired 650 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company's stock.

Boardwalk Real Estate Investment Trust Company Profile

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.