Scotiabank 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 target lowered by Scotiabank from C$79.50 to C$78.50 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 21.54% from the stock’s previous close.
Other analysts have also recently issued reports about the company. 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. BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Raymond James lowered their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Royal Bank of Canada lowered their price target on Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a report on Thursday, November 7th. Finally, CIBC reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boardwalk Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average price target of C$84.50.
View Our Latest Stock Report on BEI.UN
Boardwalk Real Estate Investment Trust Stock Up 1.6 %
TSE:BEI.UN opened at C$64.59 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock’s fifty day moving average is C$63.32 and its two-hundred day moving average is C$73.47. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.53 and a 52 week high of C$91.81. The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 4.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76.
Insiders Place Their Bets
In other Boardwalk Real Estate Investment Trust news, Director Scott Andrew Morrison bought 650 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$64.76 per share, with a total value of C$42,094.98. 17.92% of the stock is owned by insiders.
About Boardwalk Real Estate Investment Trust
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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