National Bankshares Issues Pessimistic Forecast for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price reduced by investment analysts at National Bankshares from C$96.00 to C$90.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 26.10% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BEI.UN. Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from C$96.00 to C$100.00 in a research report on Friday, September 6th. Scotiabank dropped their target price on Boardwalk Real Estate Investment Trust from C$85.00 to C$84.75 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets decreased their price target on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a report on Monday, October 28th. TD Securities dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boardwalk Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.28.

Boardwalk Real Estate Investment Trust Trading Down 1.0 %

TSE BEI.UN opened at C$71.37 on Thursday. The firm’s fifty day moving average is C$82.34 and its two-hundred day moving average is C$76.81. Boardwalk Real Estate Investment Trust has a one year low of C$64.40 and a one year 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 has a market cap of C$3.53 billion, a PE ratio of 5.28, a P/E/G ratio of 1.24 and a beta of 1.76.

Insider Activity at Boardwalk Real Estate Investment Trust

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

About Boardwalk Real Estate Investment Trust

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.