Boardwalk REIT (TSE:BEI.UN – Get Free Report)’s share price hit a new 52-week high on Tuesday after TD Securities raised their price target on the stock from C$73.00 to C$77.00. TD Securities currently has a buy rating on the stock. Boardwalk REIT traded as high as C$66.70 and last traded at C$66.25, with a volume of 14938 shares changing hands. The stock had previously closed at C$65.94.
A number of other research firms also recently commented on BEI.UN. BMO Capital Markets lifted their price target on Boardwalk REIT from C$64.00 to C$70.00 in a research note on Tuesday, May 16th. National Bankshares lifted their price target on Boardwalk REIT from C$68.00 to C$74.00 in a research note on Tuesday, April 18th.
Boardwalk REIT Stock Performance
The firm’s fifty day moving average price is C$61.60 and its 200 day moving average price is C$58.10. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of 96.25. The firm has a market capitalization of C$3.04 billion, a PE ratio of 7.80, a PEG ratio of 1.24 and a beta of 1.65.
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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