Boardwalk REIT (TSE:BEI.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Boardwalk REIT (TSE:BEI.UNGet Rating) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$60.57.

Several brokerages have recently weighed in on BEI.UN. CIBC dropped their price objective on shares of Boardwalk REIT from C$58.00 to C$56.00 and set a “neutral” rating on the stock in a report on Thursday, August 11th. Scotiabank upped their price objective on shares of Boardwalk REIT from C$59.00 to C$63.00 in a report on Monday. Canaccord Genuity Group upped their price objective on shares of Boardwalk REIT from C$54.00 to C$56.00 in a report on Thursday, November 10th. National Bankshares upped their price objective on shares of Boardwalk REIT from C$60.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 11th. Finally, TD Securities lowered their target price on shares of Boardwalk REIT from C$63.00 to C$60.00 and set a “buy” rating on the stock in a report on Thursday, October 20th.

Boardwalk REIT Stock Performance

Shares of BEI.UN opened at C$50.41 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.06 and a debt-to-equity ratio of 98.71. The stock has a market capitalization of C$2.53 billion and a P/E ratio of 4.51. The firm’s fifty day simple moving average is C$47.61 and its two-hundred day simple moving average is C$47.45. Boardwalk REIT has a 12 month low of C$41.12 and a 12 month high of C$61.77.

About Boardwalk REIT

(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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Analyst Recommendations for Boardwalk REIT (TSE:BEI.UN)

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