CIBC Lowers Boardwalk REIT (BEI.UN) Price Target to C$43.00
Boardwalk REIT (TSE:BEI.UN) had its price target reduced by stock analysts at CIBC from C$50.00 to C$43.00 in a research note issued to investors on Monday.
A number of other equities analysts have also commented on the company. TD Securities cut their price target on Boardwalk REIT from C$60.00 to C$58.00 and set a “buy” rating for the company in a report on Monday, August 15th. Canaccord Genuity cut their price target on Boardwalk REIT from C$50.00 to C$44.50 and set a “hold” rating for the company in a report on Friday, November 11th. National Bank Financial dropped their price objective on Boardwalk REIT from C$53.50 to C$50.00 in a research note on Friday, August 12th. Dundee Securities lowered Boardwalk REIT from a “buy” rating to a “negative” rating and dropped their price objective for the company from C$63.00 to C$58.00 in a research note on Friday, August 12th. Finally, BMO Capital Markets dropped their price objective on Boardwalk REIT from C$55.00 to C$50.00 and set a “market perform” rating for the company in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Boardwalk REIT presently has a consensus rating of “Hold” and a consensus target price of C$51.77.
Boardwalk REIT Company Profile
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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