Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Upgraded by National Bankshares to Outperform Rating

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) was upgraded by equities researchers at National Bankshares from a "sector perform" rating to an "outperform" rating in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$77.50 price target on the real estate investment trust's stock, up from their prior price target of C$74.00. National Bankshares' target price would indicate a potential upside of 9.51% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. TD Securities lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. BMO Capital Markets lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research note on Monday, May 12th. Finally, Raymond James Financial set a C$86.00 price target on shares of Boardwalk Real Estate Investment Trust in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and an average price target of C$81.71.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock traded up C$0.29 during midday trading on Friday, hitting C$70.77. The company had a trading volume of 99,523 shares, compared to its average volume of 122,744. The business's 50 day simple moving average is C$68.44 and its two-hundred day simple moving average is C$65.42. The stock has a market cap of C$3.50 billion, a PE ratio of 5.24, a P/E/G ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$91.81.

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.