Boardwalk REIT (BEI.UN) Receives C$51.77 Consensus Price Target from Analysts
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.
Receive News & Stock Ratings for Boardwalk REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk REIT and related stocks with our FREE daily email newsletter.