Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective raised by research analysts at Royal Bank Of Canada from C$86.00 to C$88.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 23.25% from the stock’s current price.

Several other research analysts have also issued reports on the company. CIBC boosted their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a “neutral” rating in a research report on Thursday. TD Securities upped their price target on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins upped their price target on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial upped their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the stock an “outperform” rating in a report on Thursday. Finally, National Bankshares upped their price target on shares of Boardwalk Real Estate Investment Trust from C$77.50 to C$82.50 and gave the stock an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$83.44.

Boardwalk Real Estate Investment Trust Stock Down 0.1%

Shares of TSE:BEI.UN opened at C$71.40 on Thursday. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$91.81. The business has a 50 day simple moving average of C$70.33 and a two-hundred day simple moving average of C$66.35. The firm has a market capitalization of C$3.53 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta.