Boardwalk REIT (BEI.UN) Receives C$42.93 Average Price Target from Analysts

Shares of Boardwalk REIT (TSE:BEI.UN) have earned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$42.93.

A number of research analysts recently weighed in on the company. BMO Capital Markets lowered Boardwalk REIT from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from C$44.50 to C$37.75 in a report on Friday, August 11th. Canaccord Genuity dropped their price objective on Boardwalk REIT from C$47.00 to C$45.00 in a report on Monday, August 14th. Royal Bank Of Canada dropped their price objective on Boardwalk REIT from C$49.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday, August 14th. Scotiabank dropped their price objective on Boardwalk REIT from C$48.00 to C$42.50 and set a “sector perform” rating on the stock in a report on Monday, August 14th. Finally, TD Securities dropped their price objective on Boardwalk REIT from C$49.00 to C$46.00 in a report on Monday, August 14th.

Boardwalk REIT (TSE BEI.UN) traded down C$0.39 during trading hours on Friday, hitting C$41.92. The stock had a trading volume of 172,335 shares, compared to its average volume of 155,365. Boardwalk REIT has a 1-year low of C$37.96 and a 1-year high of C$51.18.

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About Boardwalk REIT

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

Analyst Recommendations for Boardwalk REIT (TSE:BEI.UN)

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