Shares of Boardwalk REIT (TSE:BEI.UN) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the firm. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$50.35.

BEI.UN has been the topic of several recent research reports. Canaccord Genuity decreased their price objective on Boardwalk REIT from C$53.00 to C$50.00 in a research note on Friday, August 12th. Dundee Securities downgraded Boardwalk REIT from a “buy” rating to a “negative” rating and decreased their price objective for the stock from C$63.00 to C$58.00 in a research note on Friday, August 12th. National Bank Financial decreased their target price on Boardwalk REIT from C$53.50 to C$50.00 in a research note on Friday, August 12th. BMO Capital Markets decreased their target price on Boardwalk REIT from C$55.00 to C$50.00 and set a “market perform” rating on the stock in a research note on Monday, August 15th. Finally, CIBC decreased their target price on 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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