Boardwalk REIT (TSE:BEI.UN) PT Lowered to C$86.50 at National Bankshares

Boardwalk REIT (TSE:BEI.UN) had its target price decreased by National Bankshares from C$87.00 to C$86.50 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on BEI.UN. BMO Capital Markets increased their price objective on shares of Boardwalk REIT from C$78.00 to C$84.00 and gave the company an outperform rating in a research report on Monday, February 26th. Desjardins increased their price objective on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the company a buy rating in a research report on Monday, February 26th. Royal Bank of Canada increased their price objective on shares of Boardwalk REIT from C$82.00 to C$86.00 and gave the company an outperform rating in a research report on Monday, February 26th. Scotiabank lowered their price objective on shares of Boardwalk REIT from C$82.00 to C$80.25 and set a sector perform rating for the company in a research report on Monday, March 25th. Finally, Laurentian increased their price objective on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$84.42.

Boardwalk REIT Trading Down 0.2 %

TSE BEI.UN opened at C$73.09 on Wednesday. Boardwalk REIT has a one year low of C$57.14 and a one year high of C$80.10. The company’s 50 day moving average price is C$75.33 and its 200 day moving average price is C$71.15. The company has a debt-to-equity ratio of 85.98, a quick ratio of 0.04 and a current ratio of 0.61. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 5.03, a PEG ratio of 1.24 and a beta of 1.71.

Boardwalk REIT Company Profile

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.