Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$84.92.

BEI.UN has been the subject of several recent research reports. Scotiabank cut their price target on Boardwalk Real Estate Investment Trust from C$82.00 to C$80.25 and set a “sector perform” rating for the company in a report on Monday, March 25th. National Bankshares upped their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research note on Thursday, May 9th. CIBC upped their price objective on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Royal Bank of Canada upped their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research note on Thursday, May 9th. Finally, Desjardins upped their price objective on Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the stock a “buy” rating in a research note on Monday, February 26th.

Boardwalk Real Estate Investment Trust Stock Performance

TSE:BEI.UN opened at C$70.71 on Wednesday. The stock has a 50-day simple moving average of C$73.94 and a two-hundred day simple moving average of C$71.89. Boardwalk Real Estate Investment Trust has a 52-week low of C$59.02 and a 52-week high of C$80.10. The company has a debt-to-equity ratio of 80.87, a quick ratio of 0.04 and a current ratio of 0.28. The firm has a market capitalization of C$3.49 billion, a PE ratio of 4.48, a P/E/G ratio of 1.24 and a beta of 1.74.

Boardwalk Real Estate Investment Trust Company Profile

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.