BMO Capital Markets Raises Boardwalk REIT (TSE:BEI.UN) Price Target to C$49.25

Boardwalk REIT (TSE:BEI.UN) had its price objective hoisted by BMO Capital Markets from C$48.00 to C$49.25 in a research note issued to investors on Monday morning, BayStreet.CA reports.

BEI.UN has been the subject of a number of other research reports. CIBC lifted their target price on Boardwalk REIT from C$46.00 to C$47.00 in a report on Friday, August 16th. Raymond James reissued an outperform rating and issued a C$48.00 target price on shares of Boardwalk REIT in a report on Friday, August 16th. Canaccord Genuity lifted their target price on Boardwalk REIT from C$44.00 to C$46.00 and gave the stock a hold rating in a report on Friday, August 16th. National Bank Financial lifted their target price on Boardwalk REIT from C$45.50 to C$46.50 and gave the stock a sector perform rating in a report on Friday, August 16th. Finally, TD Securities lifted their price objective on Boardwalk REIT from C$52.00 to C$54.00 and gave the stock a buy rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of C$48.97.

Boardwalk REIT stock opened at C$44.87 on Monday. The firm has a market cap of $2.08 billion and a price-to-earnings ratio of 24.64. The stock has a fifty day simple moving average of C$41.64 and a two-hundred day simple moving average of C$40.88. Boardwalk REIT has a 12 month low of C$36.47 and a 12 month high of C$52.43. The company has a current ratio of 0.09, a quick ratio of 0.05 and a debt-to-equity ratio of 91.58.

In related news, Senior Officer Lisa Maureen Russell sold 1,000 shares of Boardwalk REIT stock in a transaction on Thursday, June 27th. The stock was sold at an average price of C$39.55, for a total value of C$39,550.00. Following the completion of the sale, the insider now owns 10,289 shares of the company’s stock, valued at C$406,929.95.

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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