Boardwalk REIT (TSE:BEI.UN) Given New C$90.00 Price Target at TD Securities

Boardwalk REIT (TSE:BEI.UN) had its price objective trimmed by TD Securities from C$92.00 to C$90.00 in a report published on Wednesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. CIBC upped their price objective on shares of Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a neutral rating in a research report on Monday, February 26th. BMO Capital Markets upped their price objective on shares of Boardwalk REIT from C$78.00 to C$84.00 and gave the stock an outperform rating in a research report on Monday, February 26th. Desjardins upped their price objective on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a buy rating in a research report on Monday, February 26th. Scotiabank cut their price objective on shares of Boardwalk REIT from C$82.00 to C$80.25 and set a sector perform rating for the company in a research report on Monday, March 25th. Finally, Laurentian upped their price objective on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Boardwalk REIT has an average rating of Moderate Buy and a consensus price target of C$84.42.

Boardwalk REIT Trading Down 0.9 %

BEI.UN stock opened at C$73.33 on Wednesday. The company has a debt-to-equity ratio of 85.98, a quick ratio of 0.04 and a current ratio of 0.61. The company’s 50-day simple moving average is C$75.31 and its 200 day simple moving average is C$71.06. Boardwalk REIT has a 52 week low of C$57.14 and a 52 week high of C$80.10. The company has a market capitalization of C$3.62 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.71.

About Boardwalk REIT

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.