Boardwalk REIT (TSE:BEI.UN – Get Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.49 and traded as low as C$46.36. Boardwalk REIT shares last traded at C$46.48, with a volume of 96,624 shares traded.
Analyst Ratings Changes
Several analysts have recently issued reports on BEI.UN shares. TD Securities boosted their price target on shares of Boardwalk REIT from C$61.00 to C$63.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. CIBC cut their price objective on shares of Boardwalk REIT from C$58.00 to C$56.00 and set a “neutral” rating for the company in a research note on Thursday, August 11th. National Bankshares upped their price objective on shares of Boardwalk REIT from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, August 12th. BMO Capital Markets increased their price target on shares of Boardwalk REIT from C$53.00 to C$56.50 in a research report on Monday, August 22nd. Finally, Royal Bank of Canada raised their target price on shares of Boardwalk REIT from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$59.63.
Boardwalk REIT Stock Down 4.4 %
The stock has a market capitalization of C$2.34 billion and a PE ratio of 4.16. The company has a debt-to-equity ratio of 98.71, a current ratio of 0.09 and a quick ratio of 0.06. The business’s fifty day moving average price is C$48.11 and its two-hundred day moving average price is C$50.49.
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.
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