National Bankshares Forecasts Strong Price Appreciation for Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective upped by stock analysts at National Bankshares from C$80.00 to C$82.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price target suggests a potential upside of 20.26% from the stock’s previous close.

Several other analysts also recently issued reports on BEI.UN. Raymond James Financial raised Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$80.00 to C$83.00 in a research note on Wednesday, January 14th. TD Securities reduced their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating for the company in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust has an average rating of “Buy” and a consensus target price of C$82.63.

Boardwalk Real Estate Investment Trust Trading Down 0.8%

BEI.UN stock traded down C$0.52 during midday trading on Thursday, hitting C$68.60. 68,115 shares of the company’s stock were exchanged, compared to its average volume of 104,187. The stock’s fifty day moving average price is C$65.67 and its 200-day moving average price is C$67.45. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The company has a market cap of C$3.65 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. Boardwalk Real Estate Investment Trust has a one year low of C$59.10 and a one year high of C$75.37.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.66 EPS for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%.The company had revenue of C$160.77 million for the quarter. Research analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

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. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.