Royal Bank of Canada Has Lowered Expectations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its price objective reduced by investment analysts at Royal Bank of Canada from C$98.00 to C$90.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada's target price suggests a potential upside of 25.89% from the stock's previous close.

BEI.UN has been the topic of a number of other reports. 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 on the stock in a research report on Thursday. Scotiabank decreased their price objective on Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research report on Thursday. CIBC upped their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. National Bankshares lowered their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research report on Thursday. Finally, Raymond James downgraded shares of Boardwalk Real Estate Investment Trust from a "strong-buy" rating to an "outperform" rating and upped their target price for the company from C$96.00 to C$100.00 in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock traded down C$0.31 during trading hours on Thursday, hitting C$71.49. 115,053 shares of the company's stock were exchanged, compared to its average volume of 123,861. The stock's 50-day moving average is C$82.88 and its 200-day 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. Boardwalk Real Estate Investment Trust has a 52 week low of C$64.40 and a 52 week high of C$91.81. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.

Insider Transactions at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. 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.

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