Boardwalk REIT (TSE:BEI.UN) Given Average Rating of "Moderate Buy" by Analysts

Boardwalk REIT (TSE:BEI.UN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$84.36.

A number of brokerages have issued reports on BEI.UN. Laurentian boosted their price target on Boardwalk REIT from C$75.00 to C$80.00 in a report on Monday, January 22nd. CIBC upped their target price on Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Royal Bank of Canada upped their target price on Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. National Bankshares upped their target price on Boardwalk REIT from C$82.00 to C$87.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. Finally, Cormark upped their target price on Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th.

Boardwalk REIT Stock Performance

TSE:BEI.UN traded down C$1.06 during trading hours on Tuesday, reaching C$75.74. The company had a trading volume of 80,704 shares, compared to its average volume of 125,320. Boardwalk REIT has a 1-year low of C$54.00 and a 1-year high of C$80.10. The firm has a market cap of C$3.74 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 1.24 and a beta of 1.71. The business's 50 day moving average price is C$74.75 and its 200-day moving average price is C$70.43. The company has a debt-to-equity ratio of 85.98, a current ratio of 0.61 and a quick ratio of 0.04.

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.