Boardwalk REIT (BEI.UN) Receives Average Rating of “Hold” from Analysts

Boardwalk REIT (TSE:BEI.UN) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$43.18.

Several research analysts have weighed in on BEI.UN shares. CIBC reduced their target price on Boardwalk REIT from C$44.00 to C$40.00 in a report on Thursday, November 16th. TD Securities raised Boardwalk REIT from a “hold” rating to a “buy” rating and lifted their price target for the company from C$46.00 to C$52.00 in a research note on Wednesday, November 15th. Scotiabank lifted their price target on Boardwalk REIT from C$41.00 to C$43.50 and gave the company a “sector perform” rating in a research note on Thursday, December 14th. Royal Bank of Canada dropped their price target on Boardwalk REIT from C$45.00 to C$44.00 in a research note on Thursday, November 16th. Finally, Raymond James Financial lifted their price target on Boardwalk REIT from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, November 17th.

Boardwalk REIT (TSE BEI.UN) opened at C$44.79 on Friday. The firm has a market capitalization of $2,070.00, a PE ratio of -559.88 and a beta of 0.28. Boardwalk REIT has a twelve month low of C$37.96 and a twelve month high of C$49.75.

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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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