Boardwalk REIT (TSE:BEI.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $42.09. Boardwalk REIT shares last traded at $42.08, with a volume of 1,637 shares.
Separately, National Bank Financial upped their target price on shares of Boardwalk REIT from C$43.00 to C$45.50 and gave the company a “sector perform” rating in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$48.39.
The company has a 50-day simple moving average of C$40.93. The company has a current ratio of 0.09, a quick ratio of 0.05 and a debt-to-equity ratio of 91.58. The company has a market capitalization of $1.95 billion and a P/E ratio of 23.06.
Boardwalk REIT Company Profile (TSE:BEI.UN)
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.
See Also: How to Invest in a Bull Market
Receive News & Ratings for Boardwalk REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk REIT and related companies with MarketBeat.com's FREE daily email newsletter.