Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Upgraded at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) was upgraded by stock analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a C$77.50 target price on the real estate investment trust's stock, up from their previous target price of C$74.00. National Bankshares' target price indicates a potential upside of 7.30% from the company's previous close.

BEI.UN has been the topic of a number of other reports. TD Securities lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. BMO Capital Markets lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$73.00 to C$75.00 in a research report on Monday, May 12th. Finally, Raymond James Financial set a C$86.00 price objective on shares of Boardwalk Real Estate Investment Trust in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of C$81.71.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN traded up C$1.21 during midday trading on Friday, reaching C$72.23. The stock had a trading volume of 119,007 shares, compared to its average volume of 123,019. The firm has a fifty day simple moving average of C$68.64 and a two-hundred day simple moving average of C$65.55. Boardwalk Real Estate Investment Trust has a 12-month low of C$59.10 and a 12-month high of C$91.81. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The stock has a market cap of C$3.57 billion, a P/E ratio of 5.35, a P/E/G ratio of 1.24 and a beta of 1.76.

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.