Analysts Set Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Target Price at C$84.92

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$84.92.

A number of equities analysts have recently issued reports on the company. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. Cormark boosted their target price on Boardwalk Real Estate Investment Trust from C$72.00 to C$86.00 in a research note on Thursday, March 14th. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. BMO Capital Markets boosted their target price on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Finally, TD Securities lowered their target price on Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research note on Wednesday, April 24th.

Boardwalk Real Estate Investment Trust Stock Performance

The business has a 50-day moving average price of C$73.94 and a 200-day moving average price of C$71.89. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.02 and a fifty-two week high of C$80.10. The company has a debt-to-equity ratio of 80.87, a current ratio of 0.28 and a quick ratio of 0.04. The stock has a market cap of C$3.49 billion, a PE ratio of 4.48, a P/E/G ratio of 1.24 and a beta of 1.74.

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.