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

Boardwalk REIT (TSE:BEI.UN) has earned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$43.18.

BEI.UN has been the subject of a number of research reports. BMO Capital Markets lowered shares of Boardwalk REIT from a “market perform” rating to an “underperform” rating and decreased their target price for the company from C$44.50 to C$37.75 in a research note on Friday, August 11th. Canaccord Genuity decreased their target price on shares of Boardwalk REIT from C$47.00 to C$45.00 in a research note on Monday, August 14th. Royal Bank Of Canada decreased their target price on shares of Boardwalk REIT from C$49.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Monday, August 14th. Scotiabank decreased their target price on shares of Boardwalk REIT from C$48.00 to C$42.50 and set a “sector perform” rating for the company in a research note on Monday, August 14th. Finally, TD Securities decreased their target price on shares of Boardwalk REIT from C$49.00 to C$46.00 in a research note on Monday, August 14th.

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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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