Boardwalk REIT (TSE:BEI.UN) Receives Average Recommendation of “Hold” from Analysts
Boardwalk REIT (TSE:BEI.UN) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$46.65.
Several research analysts have issued reports on the stock. CIBC lifted their target price on shares of Boardwalk REIT from C$42.00 to C$46.00 in a report on Monday, May 15th. Raymond James Financial, Inc. upped their price target on shares of Boardwalk REIT from C$48.50 to C$50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 16th. Scotiabank raised their price target on shares of Boardwalk REIT from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Monday, May 15th. TD Securities increased their price objective on shares of Boardwalk REIT from C$47.00 to C$49.00 and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, Royal Bank of Canada increased their price objective on shares of Boardwalk REIT from C$46.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Monday, May 15th.
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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.
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