Boardwalk REIT (BEI) Raised to Sector Perform Under Weight at National Bank Financial

Boardwalk REIT (TSE:BEI) was upgraded by investment analysts at National Bank Financial from an “underperform underweight” rating to a “sector perform under weight” rating in a research note issued on Monday. National Bank Financial also issued estimates for Boardwalk REIT’s Q4 2017 earnings at $0.56 EPS and FY2018 earnings at $2.54 EPS.

Boardwalk REIT (TSE:BEI) opened at C$42.24 on Monday. The company has a market capitalization of $1,950.00, a PE ratio of -528.00 and a beta of 0.30. Boardwalk REIT has a 52 week low of C$37.96 and a 52 week high of C$49.75.

Boardwalk REIT (TSE:BEI) last issued its earnings results on Tuesday, November 14th. The company reported C$0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.57 by C$0.30. Boardwalk REIT had a return on equity of 5.82% and a net margin of 42.07%.

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Boardwalk REIT Company Profile

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

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