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 Stock Up 3.6 %

TSE:BEI.UN traded up C$1.73 on Wednesday, reaching C$49.99. 110,528 shares of the stock traded hands, compared to its average volume of 145,284. The company has a debt-to-equity ratio of 104.23, a quick ratio of 0.06 and a current ratio of 0.10. The company has a fifty day moving average price of C$45.27 and a 200-day moving average price of C$51.76. The company has a market cap of C$2.52 billion and a price-to-earnings ratio of 4.60. Boardwalk REIT has a 12 month low of C$41.12 and a 12 month high of C$61.77.

Analyst Ratings Changes

BEI.UN has been the subject of a number of recent research reports. TD Securities dropped their target price 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. BMO Capital Markets upgraded Boardwalk REIT from a "market perform" rating to a "buy" rating and dropped their target price for the stock from C$60.00 to C$53.00 in a report on Monday, July 4th. National Bankshares dropped their target price on Boardwalk REIT from C$68.50 to C$52.00 and set an "outperform" rating for the company in a report on Wednesday, July 20th. Royal Bank of Canada dropped their target price on Boardwalk REIT from C$69.00 to C$68.00 and set an "outperform" rating for the company in a report on Thursday, May 12th. Finally, Scotiabank dropped their target price on Boardwalk REIT from C$61.00 to C$59.00 in a report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$59.39.