TD Securities Boosts Boardwalk REIT (OTCMKTS:BOWFF) Price Target to $45.00

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Boardwalk REIT (OTCMKTS:BOWFF) had its price objective lifted by TD Securities from $41.00 to $45.00 in a research report report published on Monday, The Fly reports. TD Securities currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also issued reports on the company. Royal Bank of Canada raised their target price on Boardwalk REIT from $34.00 to $36.00 and gave the stock an outperform rating in a research report on Tuesday, May 19th. Scotiabank lowered their target price on Boardwalk REIT from $53.50 to $39.00 and set a sector perform rating for the company in a research report on Wednesday, May 20th. Finally, CIBC lowered their target price on Boardwalk REIT from $43.00 to $35.00 and set a neutral rating for the company in a research report on Tuesday, May 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Boardwalk REIT presently has a consensus rating of Buy and a consensus price target of $39.50.

Shares of OTCMKTS:BOWFF opened at $24.14 on Monday. The firm has a market cap of $1.09 billion, a P/E ratio of -142.02 and a beta of 1.30. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. Boardwalk REIT has a 12-month low of $11.06 and a 12-month high of $38.96. The business has a fifty day simple moving average of $22.51 and a 200 day simple moving average of $23.38.

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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Analyst Recommendations for Boardwalk REIT (OTCMKTS:BOWFF)

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