Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)‘s stock had its “sector perform” rating reaffirmed by RBC Capital Markets in a research note issued to investors on Monday. They presently have a $46.00 price target on the stock, down from their previous price target of $54.00. RBC Capital Markets’ price objective indicates a potential upside of 42.02% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. TD Securities reiterated a “buy” rating and issued a $58.00 price target (down from $60.00) on shares of Boardwalk Real Estate Investment Trust in a research note on Tuesday, August 16th. Dundee Securities lowered shares of Boardwalk Real Estate Investment Trust to a “buy” rating and lowered their price target for the company from $63.00 to $58.00 in a research note on Monday, August 15th. BMO Capital Markets reiterated a “market perform” rating and issued a $50.00 price target (down from $55.00) on shares of Boardwalk Real Estate Investment Trust in a research note on Tuesday, August 16th. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $60.00 price target on shares of Boardwalk Real Estate Investment Trust in a research note on Thursday, August 18th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $55.00 price target (down from $56.00) on shares of Boardwalk Real Estate Investment Trust in a research note on Tuesday, August 16th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Boardwalk Real Estate Investment Trust has an average rating of “Hold” and an average target price of $53.10.

Analyst Recommendations for Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) opened at 32.3888 on Monday. The company’s market cap is $1.64 billion. Boardwalk Real Estate Investment Trust has a 1-year low of $27.12 and a 1-year high of $45.75. The company has a 50 day moving average of $37.47 and a 200 day moving average of $40.33.

About Boardwalk Real Estate Investment Trust

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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