Boardwalk REIT (OTCMKTS:BOWFF) Price Target Raised to $38.00 at Royal Bank of Canada

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Boardwalk REIT (OTCMKTS:BOWFF) had its price objective raised by Royal Bank of Canada from $36.00 to $38.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on BOWFF. TD Securities lifted their target price on shares of Boardwalk REIT from $41.00 to $45.00 and gave the company a buy rating in a report on Monday. Canaccord Genuity lifted their target price on shares of Boardwalk REIT from $28.00 to $29.00 and gave the company a hold rating in a report on Monday. Scotiabank cut their target price on shares of Boardwalk REIT from $53.50 to $39.00 and set a sector perform rating on the stock in a report on Wednesday, May 20th. Finally, CIBC cut their target price on shares of Boardwalk REIT from $43.00 to $35.00 and set a neutral rating on the stock in a report on Tuesday, May 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $39.50.

Shares of Boardwalk REIT stock opened at $24.14 on Monday. The firm’s fifty day simple moving average is $22.51 and its 200-day simple moving average is $23.38. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -142.02 and a beta of 1.30. Boardwalk REIT has a 12 month low of $11.06 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

About Boardwalk REIT

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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The Fly

Analyst Recommendations for Boardwalk REIT (OTCMKTS:BOWFF)

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