Boardwalk REIT (BEI.UN) PT Lowered to C$40.00 at CIBC

Boardwalk REIT (TSE:BEI.UN) had its price objective decreased by CIBC from C$44.00 to C$40.00 in a research note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity cut their target price on Boardwalk REIT from C$47.00 to C$45.00 in a research report on Monday, August 14th. TD Securities cut their target price on Boardwalk REIT from C$49.00 to C$46.00 in a research report on Monday, August 14th. Scotiabank cut 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. Royal Bank Of Canada cut 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. Finally, BMO Capital Markets set a C$37.75 target price on Boardwalk REIT and gave the stock an underperform rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of C$42.93.

Boardwalk REIT (TSE BEI.UN) opened at C$38.57 on Thursday. Boardwalk REIT has a 52-week low of C$37.96 and a 52-week high of C$51.18.

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About Boardwalk REIT

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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