Boardwalk REIT (TSE:BEI.UN) PT Lowered to C$90.00 at TD Securities

Boardwalk REIT (TSE:BEI.UN) had its price objective decreased by TD Securities from C$92.00 to C$90.00 in a research note published on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. Desjardins lifted their target price on Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a buy rating in a research note on Monday, February 26th. Cormark lifted their target price on Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th. National Bankshares lowered their target price on Boardwalk REIT from C$87.00 to C$86.50 and set an outperform rating on the stock in a research note on Wednesday. Royal Bank of Canada lifted their target price on Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an outperform rating in a research note on Monday, February 26th. Finally, BMO Capital Markets lifted their target price on Boardwalk REIT from C$78.00 to C$84.00 and gave the stock an outperform rating in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$84.42.

Boardwalk REIT Trading Down 0.9 %

TSE BEI.UN opened at C$73.33 on Wednesday. The stock has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 1.24 and a beta of 1.71. Boardwalk REIT has a one year low of C$57.14 and a one year high of C$80.10. The company has a debt-to-equity ratio of 85.98, a current ratio of 0.61 and a quick ratio of 0.04. The business’s fifty day moving average is C$75.31 and its 200-day moving average is C$71.06.

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.