Boardwalk REIT (TSE:BEI.UN) had its target price lowered by National Bank Financial from C$39.00 to C$37.00 in a research report sent to investors on Friday morning. National Bank Financial currently has an underperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on BEI.UN. Scotiabank decreased their price target on Boardwalk REIT from C$48.00 to C$42.50 and set a sector perform rating on the stock in a research note on Monday, August 14th. TD Securities decreased their price target on Boardwalk REIT from C$49.00 to C$46.00 in a research note on Monday, August 14th. Royal Bank Of Canada decreased their price target on Boardwalk REIT from C$49.00 to C$45.00 and set a sector perform rating on the stock in a research note on Monday, August 14th. Canaccord Genuity decreased their price target on Boardwalk REIT from C$47.00 to C$45.00 in a research note on Monday, August 14th. Finally, BMO Capital Markets downgraded Boardwalk REIT from a market perform rating to an underperform rating and decreased their price target for the company from C$44.50 to C$37.75 in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of C$43.18.

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Boardwalk REIT Company Profile

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

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

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