National Bankshares Lowers Boardwalk REIT (TSE:BEI.UN) Price Target to C$86.50

Boardwalk REIT (TSE:BEI.UN) had its price target lowered by equities research analysts at National Bankshares from C$87.00 to C$86.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective indicates a potential upside of 18.09% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Laurentian increased their price target on Boardwalk REIT from C$75.00 to C$80.00 in a report on Monday, January 22nd. Desjardins increased their price target on Boardwalk REIT from C$81.00 to C$86.00 and gave the company a “buy” rating in a report on Monday, February 26th. CIBC raised their target price on Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. TD Securities raised their target price on Boardwalk REIT from C$84.00 to C$89.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Scotiabank cut their target price on Boardwalk REIT from C$82.00 to C$80.25 and set a “sector perform” rating for the company in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.42.

Boardwalk REIT Price Performance

TSE:BEI.UN opened at C$73.25 on Wednesday. Boardwalk REIT has a one year low of C$57.14 and a one year high of C$80.10. 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 stock has a market cap of C$3.62 billion, a PE ratio of 5.04, a P/E/G ratio of 1.24 and a beta of 1.71. The stock has a 50 day moving average price of C$75.33 and a 200 day moving average price of C$71.07.

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.