Boardwalk REIT (TSE:BEI.UN) PT Raised to C$85.00

Boardwalk REIT (TSE:BEI.UN - Get Free Report) had its price objective increased by investment analysts at BMO Capital Markets from C$84.00 to C$85.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. BMO Capital Markets' price target points to a potential upside of 16.06% from the company's current price.

Several other research analysts have also recently issued reports on BEI.UN. Desjardins increased their price objective on Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Laurentian increased their price objective on Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Cormark increased their price objective on Boardwalk REIT from C$72.00 to C$86.00 in a research report on Thursday, March 14th. CIBC increased their price objective 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. Finally, Royal Bank of Canada raised their price target on Boardwalk REIT from C$86.00 to C$88.00 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$84.92.

Boardwalk REIT Stock Performance

Shares of BEI.UN stock traded up C$0.15 during trading hours on Monday, hitting C$73.24. The stock had a trading volume of 84,391 shares, compared to its average volume of 121,260. The company has a debt-to-equity ratio of 80.87, a current ratio of 0.28 and a quick ratio of 0.04. The stock's 50 day moving average is C$74.63 and its 200 day moving average is C$71.63. Boardwalk REIT has a twelve month low of C$59.02 and a twelve month high of C$80.10. The firm has a market capitalization of C$3.62 billion, a PE ratio of 4.60, a PEG ratio of 1.24 and a beta of 1.74.

About Boardwalk REIT

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.