Boardwalk REIT (TSE:BEI.UN) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given 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$43.18.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada decreased their target price on Boardwalk REIT from C$49.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Monday, August 14th. Canaccord Genuity decreased their target price on Boardwalk REIT from C$47.00 to C$45.00 in a research report on Monday, August 14th. National Bank Financial decreased their target price on Boardwalk REIT from C$39.00 to C$37.00 and set an “underperform” rating for the company in a research report on Friday, August 18th. Scotiabank decreased their target price on Boardwalk REIT from C$48.00 to C$42.50 and set a “sector perform” rating for the company in a research report on Monday, August 14th. Finally, BMO Capital Markets downgraded Boardwalk REIT from a “market perform” rating to an “underperform” rating and cut their price target for the stock from C$44.50 to C$37.75 in a research note on Friday, August 11th.

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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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