Boardwalk REIT (TSE:BEI.UN) had its price objective dropped by equities research analysts at Desjardins from C$51.00 to C$49.00 in a research note issued to investors on Friday. Desjardins’ price objective points to a potential upside of 11.67% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. National Bank Financial lowered their target price on Boardwalk REIT from C$51.00 to C$49.00 in a report on Thursday, November 1st. BMO Capital Markets increased their target price on Boardwalk REIT from C$50.00 to C$54.50 in a report on Thursday, August 23rd. TD Securities increased their target price on Boardwalk REIT from C$54.00 to C$56.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Royal Bank of Canada increased their target price on Boardwalk REIT from C$50.00 to C$53.00 in a report on Tuesday, August 14th. Finally, Raymond James increased their target price on Boardwalk REIT from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$50.50.

BEI.UN opened at C$43.88 on Friday. Boardwalk REIT has a 12 month low of C$37.96 and a 12 month high of C$49.75.

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

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