TD Securities Raises Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$95.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price target lifted by research analysts at TD Securities from C$90.00 to C$95.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target points to a potential upside of 19.68% from the stock’s current price.

Other analysts also recently issued reports about the stock. National Bankshares upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. Scotiabank increased their price target on shares of Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets increased their price target on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Raymond James increased their price target on shares of Boardwalk Real Estate Investment Trust from C$95.00 to C$96.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price target on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$89.00.

Boardwalk Real Estate Investment Trust Stock Up 1.8 %

Shares of BEI.UN traded up C$1.38 during mid-day trading on Thursday, hitting C$79.38. 44,685 shares of the company’s stock were exchanged, compared to its average volume of 108,011. The firm has a fifty day moving average of C$72.42 and a two-hundred day moving average of C$73.13. Boardwalk Real Estate Investment Trust has a twelve month low of C$63.00 and a twelve month high of C$80.27. The stock has a market cap of C$3.92 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 1.24 and a beta of 1.74. The company has a quick ratio of 0.04, a current ratio of 0.28 and a debt-to-equity ratio of 80.87.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.