TD Securities Cuts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$95.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price cut by research analysts at TD Securities from C$100.00 to C$95.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ target price points to a potential upside of 32.89% from the company’s current price.

Several other research analysts also recently commented on BEI.UN. BMO Capital Markets lowered their target price on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research note on Monday, October 28th. Scotiabank dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. CIBC boosted their target price on shares of 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. Royal Bank of Canada upped their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Raymond James lowered Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from C$96.00 to C$100.00 in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN traded down C$0.31 during trading on Thursday, reaching C$71.49. 115,053 shares of the company traded hands, compared to its average volume of 123,861. The firm has a market capitalization of C$3.53 billion, a PE ratio of 5.30, a PEG ratio of 1.24 and a beta of 1.76. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 52 week low of C$64.40 and a 52 week high of C$91.81. The company’s 50 day moving average is C$82.88 and its two-hundred day moving average is C$76.83.

Insider Buying and Selling at Boardwalk Real Estate Investment Trust

In other news, Senior Officer James Ha sold 8,100 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total transaction of C$709,560.00. Corporate insiders own 17.92% of the company’s stock.

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.