Boardwalk REIT (TSE:BEI.UN) Price Target Cut to C$90.00

Boardwalk REIT (TSE:BEI.UN) had its price objective decreased by TD Securities from C$92.00 to C$90.00 in a report published on Wednesday morning, BayStreet.CA reports.

A number of other brokerages have also issued reports on BEI.UN. Laurentian raised their price target on Boardwalk REIT from C$75.00 to C$80.00 in a research note on Monday, January 22nd. Cormark raised their price target on Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Scotiabank decreased 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 research note on Monday, March 25th. CIBC raised their price target 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. Finally, Desjardins lifted their price objective on Boardwalk REIT from C$81.00 to C$86.00 and gave the company a buy rating in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$84.42.

Boardwalk REIT Trading Down 0.2 %

Boardwalk REIT stock opened at C$73.09 on Wednesday. The stock has a market cap of C$3.61 billion, a PE ratio of 5.03, a P/E/G ratio of 1.24 and a beta of 1.71. The stock has a 50-day moving average price of C$75.33 and a 200 day moving average price of C$71.12. Boardwalk REIT has a 52 week low of C$57.14 and a 52 week high of C$80.10. The company has a current ratio of 0.61, a quick ratio of 0.04 and a debt-to-equity ratio of 85.98.

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.