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

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective lowered by analysts at BMO Capital Markets from C$77.00 to C$76.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective suggests a potential upside of 16.49% from the company’s previous close.

A number of other equities analysts also recently weighed in on BEI.UN. TD Securities decreased their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Desjardins reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating for the company in a research note on Monday. National Bank Financial dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$81.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Raymond James Financial upgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from C$80.00 to C$83.00 in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$81.19.

Boardwalk Real Estate Investment Trust Trading Down 2.3%

BEI.UN stock traded down C$1.52 during trading on Monday, hitting C$65.24. 101,456 shares of the company traded hands, compared to its average volume of 106,831. The company has a 50-day moving average of C$66.80 and a 200-day moving average of C$67.06. 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 has a 1 year low of C$59.10 and a 1 year high of C$75.37. The firm has a market capitalization of C$3.48 billion, a PE ratio of 13.34, a P/E/G ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The business had revenue of C$164.85 million during the quarter. Analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Company Profile

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.