Brokerages Set Boardwalk REIT (TSE:BEI.UN) PT at C$84.42

Boardwalk REIT (TSE:BEI.UN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$84.42.

Several equities analysts have recently commented on BEI.UN shares. Scotiabank lowered their target price on Boardwalk REIT from C$82.00 to C$80.25 and set a "sector perform" rating for the company in a report on Monday, March 25th. Laurentian upped their target price on Boardwalk REIT from C$75.00 to C$80.00 in a report on Monday, January 22nd. National Bankshares lowered their target price on Boardwalk REIT from C$87.00 to C$86.50 and set an "outperform" rating for the company in a report on Wednesday. TD Securities lowered their target price on Boardwalk REIT from C$92.00 to C$90.00 in a report on Wednesday. Finally, CIBC upped their target price on Boardwalk REIT from C$74.50 to C$81.00 and gave the company a "neutral" rating in a report on Monday, February 26th.

Boardwalk REIT Stock Down 0.2 %

Boardwalk REIT stock traded down C$0.16 during midday trading on Friday, hitting C$73.09. The stock had a trading volume of 70,190 shares, compared to its average volume of 122,585. The company has a current ratio of 0.61, a quick ratio of 0.04 and a debt-to-equity ratio of 85.98. The stock has a market cap of C$3.61 billion, a P/E ratio of 5.03, a P/E/G ratio of 1.24 and a beta of 1.71. Boardwalk REIT has a 12 month low of C$57.14 and a 12 month high of C$80.10. The business has a fifty day moving average price of C$75.33 and a 200 day moving average price of C$71.15.

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.