Boardwalk REIT (TSE:BEI.UN) Price Target Raised to C$80.00

Boardwalk REIT (TSE:BEI.UNFree Report) had its target price lifted by Laurentian from C$75.00 to C$80.00 in a report issued on Monday, BayStreet.CA reports.

BEI.UN has been the topic of several other reports. National Bankshares boosted their target price on shares of Boardwalk REIT from C$79.00 to C$80.00 and gave the stock an outperform rating in a research report on Friday, November 10th. CIBC lifted their target price on Boardwalk REIT from C$70.00 to C$73.50 and gave the company a neutral rating in a report on Thursday, November 9th. BMO Capital Markets lifted their price objective on Boardwalk REIT from C$75.00 to C$78.00 and gave the company an outperform rating in a research note on Monday, January 8th. Scotiabank lifted their price target on shares of Boardwalk REIT from C$76.00 to C$77.50 and gave the company a sector perform rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada upped their target price on Boardwalk REIT from C$77.00 to C$79.00 and gave the stock an outperform rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Boardwalk REIT presently has a consensus rating of Moderate Buy and a consensus target price of C$78.00.

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Boardwalk REIT Stock Performance

TSE BEI.UN traded up C$0.35 on Monday, hitting C$70.47. 66,579 shares of the company’s stock were exchanged, compared to its average volume of 132,747. The company has a debt-to-equity ratio of 92.57, a current ratio of 0.13 and a quick ratio of 0.04. The firm’s 50-day moving average price is C$69.28 and its two-hundred day moving average price is C$67.69. The firm has a market cap of C$3.48 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 1.24 and a beta of 1.65. Boardwalk REIT has a fifty-two week low of C$52.94 and a fifty-two week high of C$74.78.

About Boardwalk REIT

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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.

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