Boardwalk REIT (BEI) Upgraded to “Sector Perform Under Weight” by National Bank Financial
National Bank Financial upgraded shares of Boardwalk REIT (TSE:BEI) from an underperform underweight rating to a sector perform under weight rating in a research report sent to investors on Monday. National Bank Financial also issued estimates for Boardwalk REIT’s Q4 2017 earnings at $0.56 EPS and FY2018 earnings at $2.54 EPS.
Boardwalk REIT (TSE BEI) opened at C$42.09 on Monday. Boardwalk REIT has a 52 week low of C$37.96 and a 52 week high of C$49.75. The firm has a market cap of $1,940.00, a price-to-earnings ratio of -526.13 and a beta of 0.30.
Boardwalk REIT (TSE:BEI) last announced its earnings results on Tuesday, November 14th. The company reported C$0.87 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.30. Boardwalk REIT had a net margin of 42.07% and a return on equity of 5.82%.
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Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.
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