Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Rating Lowered to "Sector Perform" at National Bankshares

Boardwalk Real Estate Investment Trust (TSE:BEI.UN - Get Free Report) was downgraded by equities research analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a research report issued on Monday,BayStreet.CA reports. They presently have a C$72.00 price objective on the real estate investment trust's stock, down from their prior price objective of C$80.00. National Bankshares' price target indicates a potential upside of 15.44% from the company's previous close.

Several other equities research analysts have also commented on the stock. BMO Capital Markets lowered shares of Boardwalk Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$84.00 to C$73.00 in a report on Wednesday, December 18th. CIBC dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Scotiabank decreased their target price on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. Finally, Raymond James cut their price target on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$81.50.

Boardwalk Real Estate Investment Trust Price Performance

Boardwalk Real Estate Investment Trust stock traded up C$0.31 during mid-day trading on Monday, reaching C$62.37. 178,300 shares of the company's stock traded hands, compared to its average volume of 145,881. The company has a market cap of C$3.08 billion, a price-to-earnings ratio of 4.62, a PEG ratio of 1.24 and a beta of 1.76. The stock has a 50 day moving average of C$64.36 and a two-hundred day moving average of C$67.90. 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.

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.