ATB Cormark Capital Markets Has Lowered Expectations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective reduced by investment analysts at ATB Cormark Capital Markets from C$80.00 to C$77.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. ATB Cormark Capital Markets‘s price objective suggests a potential upside of 22.96% from the company’s current price.

Other equities analysts have also issued reports about the company. Scotia lowered their target price on Boardwalk Real Estate Investment Trust from C$74.00 to C$73.50 and set a “sector perform” rating for the company in a report on Thursday. Royal Bank Of Canada increased their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. National Bank Financial cut their price target on Boardwalk Real Estate Investment Trust from C$81.00 to C$74.25 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Finally, Scotiabank reduced their price objective on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$77.47.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE:BEI.UN traded down C$0.16 during trading on Thursday, reaching C$62.62. 97,521 shares of the company’s stock traded hands, compared to its average volume of 118,512. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 12 month low of C$59.93 and a 12 month high of C$70.12. The company has a 50 day moving average of C$61.83 and a 200-day moving average of C$64.63. The stock has a market capitalization of C$3.27 billion, a P/E ratio of -73.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported C$0.19 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. The firm had revenue of C$159.82 million for the quarter. On average, equities analysts expect that Boardwalk Real Estate Investment Trust will post 4.45 EPS for the current 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.