Boardwalk REIT (TSE:BEI.UN) PT Lowered to C$80.25 at Scotiabank

Boardwalk REIT (TSE:BEI.UN) had its price target lowered by Scotiabank from C$82.00 to C$80.25 in a research report released on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on BEI.UN. Cormark increased their target price on shares of Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Laurentian increased their target price on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research note on Monday, January 22nd. National Bankshares raised their price objective on shares of Boardwalk REIT from C$82.00 to C$87.00 and gave the company an outperform rating in a research note on Monday, February 26th. Royal Bank of Canada raised their price target on shares of Boardwalk REIT from C$82.00 to C$86.00 and gave the company an outperform rating in a research report on Monday, February 26th. Finally, CIBC raised 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 research report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Boardwalk REIT presently has an average rating of Moderate Buy and a consensus target price of C$84.36.

Boardwalk REIT Stock Up 1.2 %

Shares of TSE BEI.UN opened at C$78.08 on Monday. The firm has a market cap of C$3.86 billion, a PE ratio of 5.37, a P/E/G ratio of 1.24 and a beta of 1.71. Boardwalk REIT has a 12-month low of C$53.91 and a 12-month high of C$80.10. The company’s fifty day simple moving average is C$74.43 and its 200 day simple moving average is C$70.27. The company has a quick ratio of 0.04, a current ratio of 0.61 and a debt-to-equity ratio of 85.98.

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.