Boardwalk Real Estate Investment Trust (TSE:BEI.UN) PT Raised to C$93.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective increased by investment analysts at National Bankshares from C$90.00 to C$93.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price target points to a potential upside of 17.16% from the company’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets boosted their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Royal Bank of Canada boosted their price objective on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James upped their target price on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a “strong-buy” rating in a research report on Thursday. CIBC upped their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, TD Securities upped their target price on shares of Boardwalk Real Estate Investment Trust from C$90.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of C$89.00.

Boardwalk Real Estate Investment Trust Price Performance

TSE BEI.UN traded up C$1.38 during trading on Thursday, reaching C$79.38. 44,685 shares of the company traded hands, compared to its average volume of 108,011. The company has a market cap of C$3.92 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 1.24 and a beta of 1.74. The company has a debt-to-equity ratio of 80.87, a quick ratio of 0.04 and a current ratio of 0.28. Boardwalk Real Estate Investment Trust has a 1-year low of C$63.00 and a 1-year high of C$80.27. The stock’s 50 day moving average price is C$72.42 and its two-hundred day moving average price is C$73.13.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.