Boardwalk REIT (TSE:BEI.UN) Price Target Raised to C$75.00 at BMO Capital Markets

Boardwalk REIT (TSE:BEI.UN) had its target price boosted by BMO Capital Markets from C$74.00 to C$75.00 in a report issued on Monday, BayStreet.CA reports.

Several other equities research analysts have also commented on BEI.UN. Scotiabank upped their price target on shares of Boardwalk REIT from C$76.00 to C$77.50 and gave the company a sector perform rating in a research report on Friday. TD Securities upped their price target on shares of Boardwalk REIT from C$80.00 to C$82.00 and gave the company a buy rating in a research report on Thursday, November 9th. Royal Bank of Canada upped their price target on shares of Boardwalk REIT from C$77.00 to C$79.00 and gave the company an outperform rating in a research report on Thursday, November 9th. CIBC upped their price target on shares of Boardwalk REIT from C$70.00 to C$73.50 and gave the company a neutral rating in a research report on Thursday, November 9th. Finally, National Bankshares upped their price target on shares of Boardwalk REIT from C$79.00 to C$80.00 and gave the company an outperform rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$77.00.

Boardwalk REIT Price Performance

Shares of TSE:BEI.UN opened at C$66.39 on Monday. Boardwalk REIT has a fifty-two week low of C$47.60 and a fifty-two week high of C$71.52. The business has a 50-day simple moving average of C$67.36 and a two-hundred day simple moving average of C$64.54. The company has a debt-to-equity ratio of 92.57, a quick ratio of 0.04 and a current ratio of 0.13. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Boardwalk REIT Company Profile

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.