Boardwalk REIT (TSE:BEI.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Boardwalk REIT (TSE:BEI.UN) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$84.42.

A number of equities analysts recently issued reports on BEI.UN shares. BMO Capital Markets raised their price target on Boardwalk REIT from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Desjardins raised their price objective on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Scotiabank reduced their price target 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. TD Securities lowered their price objective on shares of Boardwalk REIT from C$92.00 to C$90.00 in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their target price on shares of Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th.

Boardwalk REIT Stock Up 1.2 %

Shares of TSE:BEI.UN opened at C$71.74 on Friday. Boardwalk REIT has a 1-year low of C$57.14 and a 1-year high of C$80.10. The company has a debt-to-equity ratio of 85.98, a current ratio of 0.61 and a quick ratio of 0.04. The stock has a market cap of C$3.54 billion, a P/E ratio of 4.93, a P/E/G ratio of 1.24 and a beta of 1.72. The firm has a fifty day moving average price of C$75.20 and a 200 day moving average price of C$71.23.

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.