Boardwalk REIT (TSE:BEI.UN) Price Target Increased to C$88.00 by Analysts at Royal Bank of Canada

Boardwalk REIT (TSE:BEI.UN - Get Free Report) had its price target boosted by analysts at Royal Bank of Canada from C$86.00 to C$88.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada's price target points to a potential upside of 20.35% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. Scotiabank cut their target price on shares of Boardwalk REIT from C$82.00 to C$80.25 and set a "sector perform" rating for the company in a research note on Monday, March 25th. Laurentian raised their price objective on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. CIBC boosted their target price on Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. National Bankshares boosted their price target on shares of Boardwalk REIT from C$86.50 to C$88.00 in a research note on Thursday. Finally, Cormark lifted their price objective on Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$84.81.

Boardwalk REIT Stock Up 0.5 %

BEI.UN stock traded up C$0.37 during trading hours on Thursday, hitting C$73.12. The company's stock had a trading volume of 119,861 shares, compared to its average volume of 122,264. The company has a quick ratio of 0.04, a current ratio of 0.61 and a debt-to-equity ratio of 85.98. The company has a market capitalization of C$3.61 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.72. Boardwalk REIT has a 12 month low of C$59.02 and a 12 month high of C$80.10. The stock has a 50 day moving average price of C$74.76 and a two-hundred day moving average price of C$71.42.

Boardwalk REIT Company Profile

Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.