TD Securities Trims Boardwalk REIT (TSE:BEI.UN) Target Price to C$90.00

Boardwalk REIT (TSE:BEI.UN - Free Report) had its price target reduced by TD Securities from C$92.00 to C$90.00 in a report issued on Wednesday morning, BayStreet.CA reports.

A number of other research firms also recently commented on BEI.UN. BMO Capital Markets boosted their price objective on Boardwalk REIT from C$78.00 to C$84.00 and gave the stock an outperform rating in a research note on Monday, February 26th. Cormark raised their price objective on shares of Boardwalk REIT from C$72.00 to C$86.00 in a research report on Thursday, March 14th. Laurentian boosted their target price on shares of Boardwalk REIT from C$75.00 to C$80.00 in a report on Monday, January 22nd. CIBC raised their target price on shares of Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a neutral rating in a report on Monday, February 26th. Finally, Scotiabank dropped their price target on Boardwalk REIT from C$82.00 to C$80.25 and set a sector perform rating on the stock in a report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$84.42.

Boardwalk REIT Stock Performance

BEI.UN stock traded down C$0.70 during trading on Wednesday, reaching C$73.33. 71,755 shares of the company's stock were exchanged, compared to its average volume of 123,274. Boardwalk REIT has a 1-year low of C$57.14 and a 1-year high of C$80.10. The firm has a market cap of C$3.62 billion, a PE ratio of 5.03, a P/E/G ratio of 1.24 and a beta of 1.71. The company's fifty day moving average price is C$75.29 and its 200-day moving average price is C$71.04. The company has a quick ratio of 0.04, a current ratio of 0.61 and a debt-to-equity ratio of 85.98.

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.