Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Target Lowered at National Bank Financial

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective reduced by stock analysts at National Bank Financial from C$81.00 to C$74.25 in a report released on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s target price suggests a potential upside of 19.99% from the company’s current price.

Several other research analysts also recently commented on the company. Scotiabank lowered their target price on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada increased their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$84.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$78.53.

Boardwalk Real Estate Investment Trust Price Performance

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.21 during trading on Wednesday, reaching C$61.88. 35,727 shares of the company’s stock were exchanged, compared to its average volume of 119,686. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.93 and a 1-year high of C$70.12. The company has a market cap of C$3.11 billion, a P/E ratio of -72.80, a PEG ratio of 1.24 and a beta of 0.56. The firm’s 50-day moving average price is C$62.31 and its 200 day moving average price is C$64.29.

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.