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June 21, 2024
PI Global Investments
Real Estate

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages



Boardwalk Real Estate Investment Trust (TSE:BEI.UNGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$84.92.

A number of brokerages have recently commented on BEI.UN. TD Securities dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a report on Wednesday, April 24th. Desjardins raised their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Royal Bank of Canada lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a report on Thursday, May 9th. CIBC upped their price target on Boardwalk Real Estate Investment Trust from C$74.50 to C$81.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, National Bankshares raised their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a research report on Thursday, May 9th.

Get Our Latest Stock Analysis on BEI.UN

Boardwalk Real Estate Investment Trust Price Performance

Shares of BEI.UN stock opened at C$72.60 on Wednesday. The business’s fifty day moving average is C$74.23 and its 200 day moving average is C$71.88. The company has a quick ratio of 0.04, a current ratio of 0.28 and a debt-to-equity ratio of 80.87. The stock has a market cap of C$3.59 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 1.24 and a beta of 1.74. Boardwalk Real Estate Investment Trust has a twelve month low of C$59.02 and a twelve month high of C$80.10.

About Boardwalk Real Estate Investment Trust

(Get Free Report

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.

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Analyst Recommendations for Boardwalk Real Estate Investment Trust (TSE:BEI.UN)



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