Boardwalk REIT (OTCMKTS:BOWFF) had its target price raised by Royal Bank of Canada from $36.00 to $38.00 in a research report sent to investors on Monday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on BOWFF. CIBC cut their price objective on Boardwalk REIT from $43.00 to $35.00 and set a neutral rating on the stock in a report on Tuesday, May 19th. Scotiabank cut their price objective on Boardwalk REIT from $53.50 to $39.00 and set a sector perform rating on the stock in a report on Wednesday, May 20th. Canaccord Genuity lifted their price objective on Boardwalk REIT from $28.00 to $29.00 and gave the company a hold rating in a report on Monday. Finally, TD Securities lifted their price objective on Boardwalk REIT from $41.00 to $45.00 and gave the company a buy rating in a report on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $39.36.
Shares of BOWFF opened at $23.17 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. Boardwalk REIT has a 1 year low of $11.06 and a 1 year high of $38.96. The stock has a market cap of $1.08 billion, a P/E ratio of -136.31 and a beta of 1.30. The stock’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $23.58.
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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