Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Lowered to C$90.00 at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price cut by analysts at National Bankshares from C$96.00 to C$90.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 25.89% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Raymond James cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. Royal Bank of Canada lifted their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. Finally, Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$87.28.

Boardwalk Real Estate Investment Trust Price Performance

BEI.UN stock traded down C$0.31 during trading on Thursday, hitting C$71.49. The company had a trading volume of 115,053 shares, compared to its average volume of 123,861. The firm has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a current ratio of 0.23, a quick ratio of 0.04 and a debt-to-equity ratio of 77.35. The business has a 50 day moving average of C$82.88 and a 200 day moving average of C$76.83. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$64.40 and a fifty-two week high of C$91.81.

Insider Activity

In other news, Senior Officer James Ha sold 8,100 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$87.60, for a total value of C$709,560.00. 17.92% of the stock is owned by company insiders.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.