Boardwalk REIT (TSE:BEI.UN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$70.78 and traded as high as C$71.61. Boardwalk REIT shares last traded at C$70.73, with a volume of 83,335 shares traded.
Analyst Ratings Changes
A number of research firms have recently weighed in on BEI.UN. Laurentian upped their price target on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research note on Monday, January 22nd. Desjardins lifted their price objective on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada raised their target price on Boardwalk REIT from C$82.00 to C$86.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Cormark lifted their price objective on shares of Boardwalk REIT from C$72.00 to C$86.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets lifted their price objective on shares of Boardwalk REIT from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$84.36.
View Our Latest Stock Report on BEI.UN
Boardwalk REIT Trading Down 0.5 %
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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