National Bankshares Issues Positive Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price increased by National Bankshares from C$80.00 to C$82.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price points to a potential upside of 20.26% from the company’s current price.

Several other research firms have also commented on BEI.UN. Raymond James Financial raised Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$80.00 to C$83.00 in a report on Wednesday, January 14th. TD Securities cut their price objective on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$82.63.

Boardwalk Real Estate Investment Trust Trading Down 0.8%

TSE:BEI.UN traded down C$0.52 on Thursday, hitting C$68.60. 68,115 shares of the stock were exchanged, compared to its average volume of 104,187. The stock has a market cap of C$3.65 billion, a PE ratio of 14.03, a PEG ratio of 1.24 and a beta of 0.55. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.37. The stock has a fifty day moving average of C$65.67 and a 200-day moving average of C$67.45.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$0.66 EPS for the quarter. The firm had revenue of C$160.77 million for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 118.55% and a return on equity of 15.71%. As a group, equities analysts expect that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

About Boardwalk Real Estate Investment Trust

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.