Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Raised to C$84.00 at Royal Bank Of Canada

Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) had its price target boosted by equities researchers at Royal Bank Of Canada from C$81.00 to C$84.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 25.79% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Raymond James Financial downgraded shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from C$82.00 to C$80.00 in a report on Friday, May 8th. Desjardins decreased their price target on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. National Bank Financial lowered their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Scotia dropped their price objective on Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, TD cut their price objective on Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$79.75.

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Boardwalk Real Estate Investment Trust Trading Down 0.5%

Shares of Boardwalk Real Estate Investment Trust stock traded down C$0.32 on Thursday, reaching C$66.78. The company had a trading volume of 124,431 shares, compared to its average volume of 129,824. The firm’s 50 day moving average price is C$65.18 and its two-hundred day moving average price is C$65.78. The firm has a market cap of C$3.47 billion, a PE ratio of 73.38, a PEG ratio of 1.24 and a beta of 0.53. Boardwalk Real Estate Investment Trust has a 52-week low of C$60.75 and a 52-week high of C$73.96. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23.

Boardwalk Real Estate Investment Trust Company Profile

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Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.

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