Boardwalk REIT (TSE:BEI.UN) had its target price increased by Raymond James Financial, Inc. from C$48.50 to C$50.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. Scotiabank increased their price objective on shares of Boardwalk REIT from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research report on Monday. CIBC increased their price objective on shares of Boardwalk REIT from C$42.00 to C$46.00 in a research report on Monday. 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. 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. Finally, National Bank Financial downgraded shares of Boardwalk REIT from a “sector perform” rating to an “underperform” rating in a research report on Thursday, February 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Boardwalk REIT has an average rating of “Hold” and an average target price of C$46.95.

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

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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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