Boardwalk REIT (TSE:BEI.UN) had its price objective hoisted by analysts at CIBC from C$40.00 to C$45.00 in a report issued on Tuesday. CIBC’s price objective points to a potential downside of 2.17% from the stock’s previous close.
BEI.UN has been the subject of several other reports. Scotiabank boosted their target price on Boardwalk REIT from C$41.00 to C$43.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 14th. BMO Capital Markets set a C$37.75 target price on Boardwalk REIT and gave the stock an “underperform” rating in a research report on Thursday, November 16th. Royal Bank of Canada decreased their target price on Boardwalk REIT from C$45.00 to C$44.00 in a research report on Thursday, November 16th. TD Securities upgraded Boardwalk REIT from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$46.00 to C$52.00 in a research report on Wednesday, November 15th. Finally, Raymond James Financial boosted their target price on Boardwalk REIT from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$45.89.
Shares of Boardwalk REIT (BEI.UN) traded up C$0.35 during mid-day trading on Tuesday, reaching C$46.00. The company had a trading volume of 122,084 shares, compared to its average volume of 135,213. The firm has a market capitalization of $2,120.00, a price-to-earnings ratio of 158.62 and a beta of 0.30. Boardwalk REIT has a 1 year low of C$37.96 and a 1 year high of C$49.75.
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.
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