Boardwalk REIT (TSE:BEI.UN) had its price objective boosted by TD Securities from C$52.00 to C$54.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

Separately, National Bank Financial raised their target price on Boardwalk REIT from C$43.00 to C$45.50 and gave the stock a sector perform rating in a research report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Boardwalk REIT has an average rating of Hold and an average price target of C$48.61.

Boardwalk REIT stock opened at C$43.45 on Friday. The company has a debt-to-equity ratio of 91.58, a current ratio of 0.09 and a quick ratio of 0.05. The company has a market capitalization of $2.02 billion and a PE ratio of 23.86. Boardwalk REIT has a one year low of C$36.47 and a one year high of C$52.43. The business has a 50 day simple moving average of C$41.19 and a 200 day simple moving average of C$40.78.


In other Boardwalk REIT news, Senior Officer Lisa Maureen Russell sold 1,000 shares of Boardwalk REIT stock in a transaction on Thursday, June 27th. The stock was sold at an average price of C$39.55, for a total value of C$39,550.00. Following the completion of the transaction, the insider now owns 10,289 shares in the company, valued at approximately C$406,929.95.

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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