Brokerages Set Boardwalk REIT (TSE:BEI.UN) Price Target at $46.65

Boardwalk REIT (TSE:BEI.UN) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$46.43.

A number of brokerages recently weighed in on BEI.UN. BMO Capital Markets cut shares of Boardwalk REIT from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from C$44.50 to C$37.75 in a report on Friday. TD Securities upped their target price on shares of Boardwalk REIT from C$47.00 to C$49.00 and gave the company a “hold” rating in a report on Monday, May 15th. Royal Bank Of Canada upped their price target 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, May 15th. Raymond James Financial, Inc. upped their price target on shares of Boardwalk REIT from C$48.50 to C$50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 16th. Finally, Scotiabank upped 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 report 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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