Desjardins Equities Analysts Lift Earnings Estimates for Boardwalk Real Estate Investment Trust (BEI)

Boardwalk Real Estate Investment Trust (TSE:BEI) – Research analysts at Desjardins lifted their Q2 2018 earnings per share (EPS) estimates for shares of Boardwalk Real Estate Investment Trust in a research report issued to clients and investors on Wednesday, May 16th. Desjardins analyst M. Markidis now anticipates that the company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.55. Desjardins also issued estimates for Boardwalk Real Estate Investment Trust’s Q4 2018 earnings at $0.59 EPS and FY2020 earnings at $2.82 EPS.

Boardwalk Real Estate Investment Trust (TSE:BEI) last issued its quarterly earnings data on Monday, February 26th. The company reported C($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($1.97). Boardwalk Real Estate Investment Trust had a negative net margin of 63.75% and a negative return on equity of 8.99%. The business had revenue of C$106.31 million for the quarter.

Separately, National Bank Financial raised shares of Boardwalk Real Estate Investment Trust from an “underperform underweight” rating to a “sector perform under weight” rating in a report on Monday, February 12th.

Shares of BEI stock opened at C$43.65 on Friday. Boardwalk Real Estate Investment Trust has a 1 year low of C$37.96 and a 1 year high of C$49.75.

About Boardwalk Real Estate Investment Trust

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.

Earnings History and Estimates for Boardwalk Real Estate Investment Trust (TSE:BEI)

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