Boardwalk REIT (TSE:BEI.UN) had its price target reduced by analysts at Desjardins from C$53.00 to C$47.00 in a report issued on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock.

BEI.UN has been the subject of several other reports. National Bank Financial reduced their target price on Boardwalk REIT from C$53.50 to C$50.00 in a research note on Friday, August 19th. BMO Capital Markets reduced their target price 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. TD Securities downgraded Boardwalk REIT from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$58.00 to C$50.00 in a research note on Friday, November 11th. Canaccord Genuity reduced their target price on Boardwalk REIT from C$53.00 to C$50.00 in a research note on Friday, August 12th. Finally, Scotiabank reduced their target price on Boardwalk REIT from C$56.00 to C$55.00 and set a “sector perform” rating for the company in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Boardwalk REIT has a consensus rating of “Hold” and a consensus target price of C$51.77.

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

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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