Royal Bank of Canada 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 target reduced by equities research analysts at Royal Bank of Canada from C$98.00 to C$90.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 25.89% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. TD Securities reduced their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a report on Thursday. 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. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. Finally, Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

Shares of Boardwalk Real Estate Investment Trust stock traded down C$0.31 on Thursday, reaching C$71.49. 115,053 shares of the stock were exchanged, compared to its average volume of 123,861. The firm’s 50 day moving average is C$82.88 and its 200-day moving average is C$76.83. The firm has a market cap of C$3.53 billion, a PE ratio of 5.29, a P/E/G ratio of 1.24 and a beta of 1.76. 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$64.40 and a one year high of C$91.81.

Insider Activity at Boardwalk Real Estate Investment Trust

In other news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is currently owned by corporate 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.