Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$81.00 Price Target at National Bank Financial

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target reduced by investment analysts at National Bank Financial from C$82.50 to C$81.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price target suggests a potential upside of 24.16% from the company’s previous close.

BEI.UN has been the topic of a number of other research reports. TD Securities cut their target price on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Desjardins cut their price target on Boardwalk Real Estate Investment Trust from C$79.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday. Finally, Raymond James Financial upgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from C$80.00 to C$83.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$81.19.

Boardwalk Real Estate Investment Trust Stock Down 2.3%

TSE BEI.UN traded down C$1.52 on Monday, hitting C$65.24. 101,456 shares of the stock traded hands, compared to its average volume of 106,831. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The stock has a 50-day moving average of C$66.80 and a 200 day moving average of C$67.06. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.10 and a twelve month high of C$75.37. The company has a market capitalization of C$3.48 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share (EPS) for the quarter. The firm had revenue of C$164.85 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. As a group, analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal 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.