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 cut by National Bank Financial from C$81.00 to C$74.25 in a research note issued to investors 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 indicates a potential upside of 19.99% from the company’s previous close.

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

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE:BEI.UN traded up C$0.21 during trading on Wednesday, reaching C$61.88. 35,727 shares of the company traded hands, compared to its average volume of 119,686. The company’s 50 day moving average is C$62.31 and its two-hundred day moving average is C$64.29. The firm has a market capitalization of C$3.11 billion, a PE ratio of -72.80, a PEG ratio of 1.24 and a beta of 0.56. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.93 and a 52 week high of C$70.12.

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.