National Bankshares Lowers Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$90.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective dropped by stock analysts at National Bankshares from C$96.00 to C$90.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 26.10% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on BEI.UN. Royal Bank of Canada boosted their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Raymond James cut shares of 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 research report on Friday, September 6th. BMO Capital Markets cut their price objective on Boardwalk Real Estate Investment Trust from C$90.00 to C$87.00 in a research report on Monday, October 28th. TD Securities decreased their target price on Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a report on Thursday. Finally, CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Boardwalk Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$87.28.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust stock opened at C$71.37 on Thursday. The firm has a 50 day simple moving average of C$82.34 and a 200-day simple moving average of C$76.81. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 5.28, a price-to-earnings-growth 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$64.40 and a 1-year high of C$91.81.

Insider Buying and Selling

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

About Boardwalk Real Estate Investment Trust

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.