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

Boardwalk REIT (TSE:BEI.UN) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$84.42.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Boardwalk REIT from C$82.00 to C$86.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. TD Securities reduced their target price on shares of Boardwalk REIT from C$92.00 to C$90.00 in a research note on Wednesday. Cormark upped their target price on shares of Boardwalk REIT from C$72.00 to C$86.00 in a report on Thursday, March 14th. CIBC lifted their price target on shares of Boardwalk REIT from C$74.50 to C$81.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Laurentian boosted their price target on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd.

Boardwalk REIT Stock Performance

TSE BEI.UN opened at C$73.09 on Friday. Boardwalk REIT has a twelve month low of C$57.14 and a twelve month high of C$80.10. The company has a quick ratio of 0.04, a current ratio of 0.61 and a debt-to-equity ratio of 85.98. The stock has a market cap of C$3.61 billion, a P/E ratio of 5.03, a PEG ratio of 1.24 and a beta of 1.71. The company’s 50-day simple moving average is C$75.33 and its 200 day simple moving average is C$71.12.

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.