Boardwalk REIT (BEI.UN) PT Set at C$37.75 by BMO Capital Markets
BMO Capital Markets set a C$37.75 price target on Boardwalk REIT (TSE:BEI.UN) in a research note released on Thursday morning. The brokerage currently has an underperform rating on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on the company. TD Securities raised Boardwalk REIT from a hold rating to a buy rating and raised their target price for the company from C$46.00 to C$52.00 in a research note on Wednesday, November 15th. National Bank Financial decreased their target price on Boardwalk REIT from C$39.00 to C$37.00 and set an underperform rating for the company in a research note on Friday, August 18th. Scotiabank decreased their target price on Boardwalk REIT from C$48.00 to C$42.50 and set a sector perform rating for the company in a research note on Monday, August 14th. Royal Bank Of Canada decreased their target price on Boardwalk REIT from C$49.00 to C$45.00 and set a sector perform rating for the company in a research note on Monday, August 14th. Finally, Canaccord Genuity decreased their target price on Boardwalk REIT from C$47.00 to C$45.00 in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$42.93.
Boardwalk REIT (TSE BEI.UN) opened at C$38.57 on Thursday. Boardwalk REIT has a 52 week low of C$37.96 and a 52 week high of C$51.18.
About Boardwalk REIT
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.
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