Boardwalk REIT (TSE:BEI.UN) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$46.65.

BEI.UN has been the topic of several research analyst reports. CIBC raised their price objective on shares of Boardwalk REIT from C$42.00 to C$46.00 in a research note on Monday, May 15th. Raymond James Financial, Inc. raised their price objective on shares of Boardwalk REIT from C$48.50 to C$50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 16th. Scotiabank raised their price objective on shares of Boardwalk REIT from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. TD Securities raised their price objective on shares of Boardwalk REIT from C$47.00 to C$49.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Boardwalk REIT from C$46.00 to C$49.00 and gave the stock a “sector perform” rating in a research note 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.

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

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