Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Expected to Rise, TD Securities Analyst Says

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target raised by stock analysts at TD Securities from C$84.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price objective indicates a potential upside of 26.90% from the company’s previous close.

BEI.UN has been the subject of a number of other research reports. Scotiabank dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a report on Monday, February 24th. CIBC dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research note on Monday, February 24th. National Bankshares lowered shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$80.00 to C$72.00 in a research note on Monday, April 14th. Finally, Raymond James lowered their target price on Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Boardwalk Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$80.36.

Boardwalk Real Estate Investment Trust Trading Up 1.6 %

Shares of TSE:BEI.UN opened at C$66.98 on Thursday. The firm has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The business’s 50 day moving average price is C$64.58 and its 200-day moving average price is C$65.94. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$91.81.

About Boardwalk Real Estate Investment Trust

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.