Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$80.00 Price Target at CIBC

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its target price dropped by research analysts at CIBC from C$86.00 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC's price target would suggest a potential upside of 24.42% from the company's current price.

Other analysts have also issued reports about the company. Royal Bank of Canada decreased their price objective on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets cut Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and cut their target price for the company from C$84.00 to C$73.00 in a research report on Wednesday, December 18th. Scotiabank lowered their price target on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday, November 7th. National Bankshares cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, TD Securities reduced their target price 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 research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$84.31.

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Boardwalk Real Estate Investment Trust Stock Up 0.3 %

TSE:BEI.UN traded up C$0.17 on Monday, hitting C$64.30. The stock had a trading volume of 36,132 shares, compared to its average volume of 145,536. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The business's fifty day moving average is C$63.28 and its 200 day moving average is C$73.31. The company has a market cap of C$3.18 billion, a PE ratio of 4.76, a P/E/G ratio of 1.24 and a beta of 1.76.

Insider Activity

In related news, Director Scott Andrew Morrison purchased 650 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 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.