Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$82.50 Price Target at National Bankshares

Key Points

• National Bankshares has raised its price target for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) from C$77.50 to C$82.50, indicating a potential upside of 14.95% from the current stock price.
• Other analysts also increased their price targets for Boardwalk REIT, with TD Securities setting a target of C$87.00 and BMO Capital Markets at C$75.00, while the average consensus target price stands at C$83.44.
• Boardwalk REIT shares traded down 2.2% to C$71.77, with a market capitalization of C$3.55 billion and a PE ratio of 5.31.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) had its price target upped by investment analysts at National Bankshares from C$77.50 to C$82.50 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. National Bankshares' price target indicates a potential upside of 15.55% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial set a C$86.00 price objective on shares of Boardwalk Real Estate Investment Trust in a research note on Friday, July 11th. 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 note on Monday, May 12th. Finally, TD Securities lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$83.44.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN traded down C$0.05 during midday trading on Thursday, reaching C$71.40. 230,523 shares of the company traded hands, compared to its average volume of 121,411. Boardwalk Real Estate Investment Trust has a 52 week low of C$59.10 and a 52 week high of C$91.81. The stock has a 50-day moving average price of C$70.33 and a 200 day moving average price of C$66.35. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. The company has a market cap of C$3.53 billion, a price-to-earnings ratio of 5.28, a PEG 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.