Desjardins 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 decreased by stock analysts at Desjardins from C$78.00 to C$77.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Desjardins’ target price indicates a potential upside of 18.63% from the company’s current price.

Several other equities research analysts also recently issued reports on BEI.UN. Scotiabank dropped their price objective on Boardwalk Real Estate Investment Trust from C$78.00 to C$75.50 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. Raymond James Financial dropped their price objective on Boardwalk Real Estate Investment Trust from C$83.00 to C$82.00 and set a “strong-buy” rating on the stock in a report on Monday, February 23rd. National Bank Financial dropped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Finally, BMO Capital Markets dropped their price objective on Boardwalk Real Estate Investment Trust from C$77.00 to C$76.00 and set a “market perform” rating on the stock in a report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$79.50.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN opened at C$64.91 on Thursday. The company has a market cap of C$3.38 billion, a P/E ratio of 71.33, a PEG ratio of 1.24 and a beta of 0.40. 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 one year low of C$60.75 and a one year high of C$75.37. The business’s 50-day simple moving average is C$65.37 and its 200 day simple moving average is C$65.49.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its earnings results on Friday, February 20th. The real estate investment trust reported C($1.21) EPS for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The company had revenue of C$164.85 million for the quarter. On average, sell-side analysts forecast that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Key Boardwalk Real Estate Investment Trust News

Here are the key news stories impacting Boardwalk Real Estate Investment Trust this week:

• Positive Sentiment: Raymond James lowered its price target to C$80 from C$82 but kept an outperform rating, implying further upside from the current share price. BayStreet.CA analyst rating update
• Positive Sentiment: RBC, TD, and Desjardins all maintained favorable views on Boardwalk Real Estate Investment Trust (BEI.UN) with outperform or buy ratings, suggesting analysts still see meaningful upside despite slightly lower targets. Tickerreport.com analyst rating update
• Neutral Sentiment: RBC trimmed its target to C$81 from C$82, TD cut its target to C$82 from C$85, and Desjardins reduced its target to C$77 from C$78; these are small adjustments and do not change the broader bullish tone. BayStreet.CA analyst rating update
• Neutral Sentiment: Scotia was the most cautious of the group, lowering its target to C$74.50 from C$75.50 and keeping a sector perform rating, which signals more limited near-term conviction. BayStreet.CA analyst rating update
• Negative Sentiment: The stock may be under pressure because Raymond James’ downgrade from strong-buy to outperform removes some of the most bullish conviction on the name, even though the target still suggests upside. BayStreet.CA analyst rating update

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.