Boardwalk REIT (BEI.UN) PT Raised to C$45.50

Boardwalk REIT (TSE:BEI.UN) had its price objective lifted by National Bank Financial from C$43.00 to C$45.50 in a research report released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

BEI.UN has been the subject of a number of other research reports. CIBC lowered their price objective on shares of Boardwalk REIT from C$49.00 to C$46.00 in a research report on Monday, February 25th. Royal Bank of Canada lowered their price objective on shares of Boardwalk REIT from C$51.00 to C$49.00 and set a sector perform rating for the company in a research report on Monday, February 25th. BMO Capital Markets lowered their price objective on shares of Boardwalk REIT from C$49.50 to C$48.00 and set a hold rating for the company in a research report on Wednesday, March 6th. Canaccord Genuity boosted their price objective on shares of Boardwalk REIT from C$39.00 to C$44.00 and gave the company a hold rating in a research report on Monday, February 25th. Finally, Raymond James lowered their price objective on shares of Boardwalk REIT from C$52.00 to C$48.00 and set an outperform rating for the company in a research report on Tuesday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of C$48.39.

Shares of TSE:BEI.UN opened at C$42.81 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.22 and a debt-to-equity ratio of 85.23. Boardwalk REIT has a fifty-two week low of C$37.96 and a fifty-two week high of C$49.75. The stock has a market cap of $1.98 billion and a P/E ratio of 21.72.

In other Boardwalk REIT news, Senior Officer Kelly Kulwant Mahajan sold 1,348 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$40.72, for a total value of C$54,890.56. Following the completion of the transaction, the insider now owns 3,121 shares in the company, valued at approximately C$127,087.12. Also, Senior Officer Patrick Dean Burns sold 7,555 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of C$40.93, for a total transaction of C$309,217.08. Following the completion of the transaction, the insider now owns 8,215 shares of the company’s stock, valued at approximately C$336,230.09. In the last 90 days, insiders sold 10,306 shares of company stock valued at $421,522.

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.

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Analyst Recommendations for Boardwalk REIT (TSE:BEI.UN)

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