Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Raised to C$84.00 at Raymond James

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its target price raised by stock analysts at Raymond James from C$80.00 to C$84.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price would indicate a potential upside of 25.41% from the company’s current price.

BEI.UN has been the subject of several other reports. TD Securities increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday. CIBC cut their target price on Boardwalk Real Estate Investment Trust from C$86.00 to C$80.00 in a research report on Monday, February 24th. National Bankshares cut Boardwalk Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$80.00 to C$72.00 in a research report on Monday, April 14th. Finally, Scotiabank dropped their price objective on Boardwalk Real Estate Investment Trust from C$79.50 to C$78.50 in a research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$80.36.

Boardwalk Real Estate Investment Trust Stock Performance

BEI.UN stock opened at C$66.98 on Thursday. The company has a market capitalization of C$3.31 billion, a P/E ratio of 4.96, a PEG ratio of 1.24 and a beta of 1.76. The company has a quick ratio of 0.04, a current ratio of 0.23 and a debt-to-equity ratio of 77.35. The company has a 50-day simple moving average of C$64.58 and a 200 day simple moving average of C$65.94. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$91.81.

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.