Raymond James Analysts Give Boardwalk Real Estate Investment Trust (TSE:BEI.UN) a C$95.00 Price Target

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) has been given a C$95.00 price target by Raymond James in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price objective would suggest a potential upside of 19.96% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada boosted their target price on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 in a research report on Thursday, May 9th. National Bankshares boosted their price objective on Boardwalk Real Estate Investment Trust from C$86.50 to C$88.00 in a report on Thursday, May 9th. TD Securities lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$92.00 to C$90.00 in a research note on Wednesday, April 24th. Finally, BMO Capital Markets lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$84.00 to C$85.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$85.93.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN traded up C$1.00 during trading hours on Wednesday, hitting C$79.19. The stock had a trading volume of 46,593 shares, compared to its average volume of 109,077. The firm has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 1.24 and a beta of 1.74. Boardwalk Real Estate Investment Trust has a one year low of C$63.00 and a one year high of C$80.27. The company has a 50 day simple moving average of C$71.69 and a two-hundred day simple moving average of C$72.70. The company has a debt-to-equity ratio of 80.87, a current ratio of 0.28 and a quick ratio of 0.04.

About Boardwalk Real Estate Investment Trust

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.