Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$85.00 Price Target at National Bankshares

Key Points

• National Bankshares raised the price target for Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00, indicating a potential upside of 25.52%.
• Multiple brokerages have upgraded their ratings on Boardwalk REIT, with Royal Bank of Canada increasing its target to C$88.00 and Desjardins setting it at C$85.00.
• Currently, Boardwalk Real Estate Investment Trust has a consensus rating of "Moderate Buy" with an average target price of C$83.75 from analysts.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its price target lifted by National Bankshares from C$82.50 to C$85.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. National Bankshares' target price points to a potential upside of 25.52% from the stock's previous close.

Several other brokerages also recently commented on BEI.UN. Royal Bank Of Canada increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Desjardins increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. CIBC increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Raymond James Financial raised their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, TD Securities raised their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of C$83.75.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN traded down C$0.23 on Wednesday, hitting C$67.72. The company had a trading volume of 51,885 shares, compared to its average volume of 115,338. The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.24 and a beta of 0.64. 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 firm has a 50 day moving average of C$70.43 and a two-hundred day moving average of C$68.44. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$82.30.

Boardwalk Real Estate Investment Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.