Boardwalk REIT (TSE:BEI.UN) Stock Passes Above Two Hundred Day Moving Average of $54.73

Boardwalk REIT (TSE:BEI.UN – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$54.73 and traded as high as C$61.64. Boardwalk REIT shares last traded at C$60.55, with a volume of 78,531 shares changing hands.

Analysts Set New Price Targets

BEI.UN has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on Boardwalk REIT from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Monday, February 27th. TD Securities boosted their target price on shares of Boardwalk REIT from C$60.00 to C$67.00 and gave the stock a “buy” rating in a research note on Monday, February 27th. Scotiabank boosted their price objective on shares of Boardwalk REIT from C$63.00 to C$66.50 in a research note on Monday, February 27th. BMO Capital Markets boosted their price objective on shares of Boardwalk REIT from C$64.00 to C$70.00 in a research note on Tuesday, May 16th. Finally, National Bankshares boosted their target price on shares of Boardwalk REIT from C$68.00 to C$74.00 in a report on Tuesday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$66.64.

Boardwalk REIT Stock Down 0.9 %

The company has a debt-to-equity ratio of 101.41, a quick ratio of 0.04 and a current ratio of 0.15. The company has a market cap of C$2.77 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.71. The stock’s fifty day moving average is C$57.79 and its two-hundred day moving average is C$54.73.

Boardwalk REIT Company Profile

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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.