Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given New C$96.00 Price Target at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price boosted by investment analysts at National Bankshares from C$93.00 to C$96.00 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 19.52% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. CIBC increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Scotiabank lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price 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 report on Thursday, August 1st. Finally, TD Securities raised their target price on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$90.20.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of BEI.UN traded down C$1.00 on Wednesday, reaching C$80.32. 33,962 shares of the stock traded hands, compared to its average volume of 116,489. 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 stock’s 50-day moving average price is C$84.12 and its 200-day moving average price is C$76.86. Boardwalk Real Estate Investment Trust has a 12 month low of C$63.64 and a 12 month high of C$91.81. The firm has a market cap of C$3.97 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 1.24 and a beta of 1.77.

Insider Activity at Boardwalk Real Estate Investment Trust

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

Boardwalk Real Estate Investment Trust Company Profile

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.