Shares of Boardwalk REIT (TSE:BEI.UN) have earned an average rating of “Hold” from the ten research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$55.22.

A number of brokerages recently issued reports on BEI.UN. Dundee Securities cut shares of Boardwalk REIT from a “buy” rating to a “negative” rating and decreased their price objective for the company from C$63.00 to C$58.00 in a research note on Friday, August 12th. TD Securities decreased their price objective on shares of Boardwalk REIT from C$60.00 to C$58.00 and set a “buy” rating on the stock in a research note on Monday, August 15th. National Bank Financial decreased their price objective on shares of Boardwalk REIT from C$53.50 to C$50.00 in a research note on Friday, August 12th. Scotiabank decreased their price objective on shares of Boardwalk REIT from C$56.00 to C$55.00 and set a “sector perform” rating on the stock in a research note on Monday, August 15th. Finally, CIBC decreased their price objective on shares of Boardwalk REIT from C$52.00 to C$50.00 in a research note on Monday, August 15th.

About Boardwalk REIT

Boardwalk Real Estate Investment Trust (Boardwalk REIT or the Trust) is an open-ended real estate investment trust. The Trust is focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

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