TD Securities Boosts Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target to C$88.00

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective hoisted by equities research analysts at TD Securities from C$87.00 to C$88.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target suggests a potential upside of 38.30% from the company’s current price.

Several other equities research analysts have also commented on BEI.UN. CIBC increased their price objective on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$84.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Raymond James Financial increased their price target on Boardwalk Real Estate Investment Trust from C$86.00 to C$87.50 and gave the company an “outperform” rating in a research report on Thursday, July 31st. National Bankshares lifted their price target on Boardwalk Real Estate Investment Trust from C$82.50 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on Boardwalk Real Estate Investment Trust from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Desjardins raised their target price on Boardwalk Real Estate Investment Trust from C$80.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Boardwalk Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average price target of C$83.88.

Boardwalk Real Estate Investment Trust Price Performance

Shares of TSE BEI.UN opened at C$63.63 on Thursday. The stock has a market cap of C$3.40 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.24 and a beta of 0.64. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. Boardwalk Real Estate Investment Trust has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.37. The firm’s 50-day simple moving average is C$68.09 and its 200 day simple moving average is C$68.74.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta.