Boardwalk REIT (TSE:BEI.UN – Get Rating) has been given a consensus rating of “Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$62.33.
BEI.UN has been the topic of several analyst reports. TD Securities dropped their price target on shares of Boardwalk REIT from C$70.00 to C$68.00 and set a “buy” rating on the stock in a research note on Thursday, May 12th. Canaccord Genuity Group boosted their target price on shares of Boardwalk REIT from C$58.00 to C$62.50 in a research report on Monday, February 28th. CIBC dropped their target price on shares of Boardwalk REIT from C$61.00 to C$60.00 and set a “neutral” rating for the company in a research report on Thursday, May 12th. Scotiabank dropped their target price on shares of Boardwalk REIT from C$61.00 to C$59.00 in a research report on Thursday, May 12th. Finally, BMO Capital Markets boosted their target price on shares of Boardwalk REIT from C$56.25 to C$61.00 in a research report on Tuesday, March 1st.
Boardwalk REIT stock traded up C$1.03 during midday trading on Friday, hitting C$50.64. 42,923 shares of the stock were exchanged, compared to its average volume of 155,952. Boardwalk REIT has a 1 year low of C$38.20 and a 1 year high of C$61.77. The firm has a market cap of C$2.56 billion and a P/E ratio of 4.82. The company has a debt-to-equity ratio of 104.23, a current ratio of 0.10 and a quick ratio of 0.06. The company has a 50 day moving average price of C$54.61 and a two-hundred day moving average price of C$55.17.
Boardwalk REIT Company Profile (Get Rating)
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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