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

Boardwalk REIT (TSE:BEI.UN) had its price objective lowered by National Bankshares from C$87.00 to C$86.50 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the stock. Scotiabank reduced their price target 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. TD Securities upped their price target on shares of Boardwalk REIT from C$84.00 to C$89.00 and gave the company a buy rating in a research report on Monday, February 26th. Laurentian increased their target price on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Desjardins increased their target price on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a buy rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada increased their target price on shares of Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an outperform rating in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$84.42.

Boardwalk REIT Stock Down 0.9 %

Shares of TSE:BEI.UN opened at C$73.33 on Wednesday. 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 company has a market cap of C$3.62 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.71. Boardwalk REIT has a 52 week low of C$57.14 and a 52 week high of C$80.10. The firm has a 50 day simple moving average of C$75.31 and a 200 day simple moving average of C$71.06.

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.