Boardwalk REIT (BEI.UN) Receives Average Recommendation of “Hold” from Brokerages
Shares of Boardwalk REIT (TSE:BEI.UN) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$55.22.
Several brokerages have issued reports on BEI.UN. Dundee Securities cut shares of Boardwalk REIT from a “buy” rating to a “negative” rating and decreased their target price for the stock from C$63.00 to C$58.00 in a report on Friday, August 12th. National Bank Financial reduced their price target on shares of Boardwalk REIT from C$53.50 to C$50.00 in a research note on Friday, August 12th. GMP Securities lowered shares of Boardwalk REIT from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. BMO Capital Markets reduced their price target on shares of Boardwalk REIT from C$55.00 to C$50.00 and set a “market perform” rating for the company in a research note on Monday, August 15th. Finally, Canaccord Genuity reduced their price target on shares of Boardwalk REIT from C$53.00 to C$50.00 in a research note on Friday, August 12th.
Boardwalk REIT Company Profile
Boardwalk Real Estate Investment Trust (Boardwalk REIT or the Trust) is an open-ended real estate investment trust. The Trust is focused on the acquisition, refurbishment, management and ownership, and where deemed appropriate the development, of multi-family residential communities within Canada. The Trust owns approximately 32,950 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.
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