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

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

Other equities research analysts also recently issued reports about the company. TD Securities increased their price objective on Boardwalk REIT from C$84.00 to C$89.00 and gave the company a buy rating in a report on Monday, February 26th. Desjardins increased their price target on Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a buy rating in a report on Monday, February 26th. CIBC increased their price target 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. Scotiabank decreased their price target on Boardwalk REIT from C$82.00 to C$80.25 and set a sector perform rating for the company in a report on Monday, March 25th. Finally, Royal Bank of Canada increased their price target on Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an outperform rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$84.42.

Boardwalk REIT Stock Performance

Shares of BEI.UN opened at C$73.09 on Wednesday. The stock has a 50 day moving average price of C$75.33 and a 200 day moving average price of C$71.12. 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 company has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 5.03, 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.

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.