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

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

BEI.UN has been the subject of a number of other research reports. CIBC upped their target price on Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a neutral rating in a report on Monday, February 26th. Cormark upped their price target on Boardwalk REIT from C$72.00 to C$86.00 in a research report on Thursday, March 14th. TD Securities upped their price target on 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. Scotiabank reduced their price target on Boardwalk REIT from C$82.00 to C$80.25 and set a sector perform rating on the stock in a research report on Monday, March 25th. Finally, Laurentian upped their price target on Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$84.42.

Boardwalk REIT Price Performance

Shares of BEI.UN opened at C$73.09 on Wednesday. Boardwalk REIT has a 12-month low of C$57.14 and a 12-month high of C$80.10. The business has a 50-day simple moving average of C$75.33 and a two-hundred day simple moving average of C$71.15. The company has a quick ratio of 0.04, a current ratio of 0.61 and a debt-to-equity ratio of 85.98. The stock has a market cap of C$3.61 billion, a PE 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.