Boardwalk REIT (TSE:BEI.UN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$49.04 and last traded at C$49.04, with a volume of 24926 shares changing hands. The stock had previously closed at C$48.75.
Several brokerages have weighed in on BEI.UN. Royal Bank of Canada lifted their target price on Boardwalk REIT from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. TD Securities lifted their price target on Boardwalk REIT from C$54.00 to C$56.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Raymond James reiterated a “market perform” rating and set a C$48.00 price target on shares of Boardwalk REIT in a research report on Monday, November 18th. BMO Capital Markets lifted their price target on Boardwalk REIT from C$49.25 to C$52.25 in a research report on Tuesday, November 26th. Finally, Canaccord Genuity lifted their price target on Boardwalk REIT from C$46.00 to C$49.00 in a research report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$50.66.
The company has a debt-to-equity ratio of 88.35, a current ratio of 0.05 and a quick ratio of 0.02. The firm has a market cap of $2.25 billion and a PE ratio of 15.72. The business has a fifty day moving average price of C$46.18 and a two-hundred day moving average price of C$43.50.
Boardwalk REIT Company Profile (TSE:BEI.UN)
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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