Boardwalk REIT (BEI) Rating Increased to Sector Perform Under Weight at National Bank Financial

Boardwalk REIT (TSE:BEI) was upgraded by research analysts at National Bank Financial from an “underperform underweight” rating to a “sector perform under weight” rating in a report released 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.

Shares of Boardwalk REIT (TSE BEI) opened at C$42.24 on Monday. Boardwalk REIT has a 1-year low of C$37.96 and a 1-year high of C$49.75. The firm has a market capitalization of $1,950.00, a price-to-earnings ratio of -528.00 and a beta of 0.30.

Boardwalk REIT (TSE:BEI) last issued its earnings results on Tuesday, November 14th. The company reported C$0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.57 by C$0.30. Boardwalk REIT had a return on equity of 5.82% and a net margin of 42.07%.

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Boardwalk REIT Company Profile

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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