BMO Capital Markets Raises Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$75.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target raised by equities research analysts at BMO Capital Markets from C$73.00 to C$75.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 11.76% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. TD Securities increased their price target on Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research report on Monday, February 24th. National Bankshares downgraded Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$80.00 to C$72.00 in a research report on Monday, April 14th. CIBC dropped their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. Finally, Raymond James increased their price objective on Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$80.64.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN traded up C$0.13 during trading hours on Monday, reaching C$67.11. 45,622 shares of the company traded hands, compared to its average volume of 135,691. The firm’s 50-day moving average is C$64.58 and its 200-day moving average is C$65.73. Boardwalk Real Estate Investment Trust has a 1-year low of C$59.10 and a 1-year high of C$91.81. The stock has a market cap of C$3.32 billion, a P/E ratio of 4.97, a P/E/G 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.

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.