National Bankshares Boosts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$82.50

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective raised by research analysts at National Bankshares from C$80.00 to C$82.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective would suggest a potential upside of 19.97% from the stock’s current price.

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

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock opened at C$68.77 on Thursday. The business has a 50 day moving average price of C$65.86 and a 200 day moving average price of C$67.44. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.66 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.24 and a beta of 0.55. 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.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 EPS for the quarter. The company 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%. Equities research analysts anticipate 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.