Boardwalk REIT (BEI.UN) Given Average Rating of “Hold” by Analysts

Shares of Boardwalk REIT (TSE:BEI.UN) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$43.18.

A number of equities research analysts recently issued reports on BEI.UN shares. BMO Capital Markets set a C$37.75 price target on shares of Boardwalk REIT and gave the company an “underperform” rating in a research note on Thursday, November 16th. Scotiabank dropped their price target on shares of Boardwalk REIT from C$42.50 to C$41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 17th. TD Securities raised shares of Boardwalk REIT from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$46.00 to C$52.00 in a research note on Wednesday, November 15th. Raymond James Financial lifted their target price on shares of Boardwalk REIT from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. Finally, Royal Bank of Canada lowered their target price on shares of Boardwalk REIT from C$45.00 to C$44.00 in a research note on Thursday, November 16th.

Shares of Boardwalk REIT (TSE BEI.UN) opened at C$42.24 on Wednesday. Boardwalk REIT has a one year low of C$37.96 and a one year high of C$49.75. The stock has a market cap of $1,950.00, a price-to-earnings ratio of -528.00 and a beta of 0.30.

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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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