CIBC Issues Pessimistic Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price lowered by investment analysts at CIBC from C$86.00 to C$80.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 23.86% from the stock’s current price.

A number of other brokerages also recently issued reports on BEI.UN. National Bankshares reduced their price objective on Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities cut their price target on 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. BMO Capital Markets downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$84.00 to C$73.00 in a research note on Wednesday, December 18th. Royal Bank of Canada cut their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. Finally, Raymond James cut their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$84.50.

Boardwalk Real Estate Investment Trust Trading Up 1.6 %

TSE BEI.UN opened at C$64.59 on Monday. The firm has a market capitalization of C$3.19 billion, a P/E ratio of 4.78, a PEG ratio of 1.24 and a beta of 1.76. The business has a fifty day simple moving average of C$63.32 and a 200 day simple moving average of C$73.47. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.53 and a 12 month high of C$91.81. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison purchased 650 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of C$64.76 per share, for a total transaction of C$42,094.98. 17.92% of the stock is owned by company insiders.

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.