Boardwalk REIT - BEI.UN Stock Forecast, Price & News

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. Boardwalk REIT is vertically integrated and is Canada's leading owner/operator of multi-family communities bringing Residents home to properties located in Alberta, Saskatchewan, Ontario, and Quebec. Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.

Boardwalk REIT Trading Up 1.3 %

BEI.UN Stock traded up C$0.63 during midday trading on Monday, hitting C$48.38. 103,188 shares of the company's stock were exchanged, compared to its average volume of 146,126. The stock's fifty day moving average price is C$45.31 and its 200-day moving average price is C$51.78. Boardwalk REIT has a one year low of C$41.12 and a one year high of C$61.77. The company has a market cap of C$2.44 billion and a PE ratio of 4.62. The company has a debt-to-equity ratio of 104.23, a quick ratio of 0.06 and a current ratio of 0.10.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Securities dropped their price target on Boardwalk REIT from C$70.00 to C$68.00 and set a "buy" rating for the company in a report on Thursday, May 12th. Scotiabank dropped their price target on Boardwalk REIT from C$61.00 to C$59.00 in a report on Thursday, May 12th. CIBC lowered their target price on Boardwalk REIT from C$60.00 to C$58.00 in a research note on Monday, June 27th. Royal Bank of Canada lowered their target price on Boardwalk REIT from C$69.00 to C$68.00 and set an "outperform" rating for the company in a research note on Thursday, May 12th. Finally, National Bankshares lowered their target price on Boardwalk REIT from C$68.50 to C$52.00 and set an "outperform" rating for the company in a research note on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$59.39.

Insider Buying and Selling at Boardwalk REIT

In other news, Senior Officer Brian Robinson purchased 10,000 shares of the company's stock in a transaction on Wednesday, May 11th. The shares were purchased at an average price of C$47.05 per share, with a total value of C$470,500.00. Following the purchase, the insider now directly owns 26,466 shares of the company's stock, valued at approximately C$1,245,225.30.