Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Rating Lowered by National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Monday,BayStreet.CA reports. They presently have a C$72.00 price objective on the real estate investment trust’s stock, down from their previous price objective of C$80.00. National Bankshares’ price target would suggest a potential upside of 16.56% from the company’s current price.

A number of other research analysts have also weighed in on BEI.UN. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. Scotiabank decreased their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th. CIBC reduced their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. Finally, Raymond James lowered their price objective on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$81.50.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN opened at C$61.77 on Monday. The company has a market cap of C$3.05 billion, a P/E ratio of 4.57, a P/E/G ratio of 1.24 and a beta of 1.76. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.10 and a 52-week high of C$91.81. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The firm’s fifty day moving average is C$64.51 and its two-hundred day moving average is C$68.27.

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.