Boardwalk REIT (BEI.UN) PT Lowered to C$40.00 at CIBC
A number of other brokerages also recently weighed in on BEI.UN. BMO Capital Markets set a C$37.75 price objective on Boardwalk REIT and gave the company an underperform rating in a research report on Thursday. TD Securities raised Boardwalk REIT from a hold rating to a buy rating and raised their price objective for the company from C$46.00 to C$52.00 in a research report on Wednesday. National Bank Financial dropped their price objective on Boardwalk REIT from C$39.00 to C$37.00 and set an underperform rating on the stock in a research report on Friday, August 18th. Scotiabank dropped their price objective on Boardwalk REIT from C$48.00 to C$42.50 and set a sector perform rating on the stock in a research report on Monday, August 14th. Finally, Royal Bank Of Canada lowered their price target on Boardwalk REIT from C$49.00 to C$45.00 and set a sector perform rating for the company in a report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of C$42.93.
Shares of Boardwalk REIT (TSE:BEI.UN) opened at C$38.57 on Thursday. Boardwalk REIT has a 12-month low of C$37.96 and a 12-month high of C$51.18.
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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.
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