Boardwalk REIT (TSE:BEI.UN) has been given an average rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$46.31.
A number of equities research analysts have issued reports on BEI.UN shares. TD Securities raised Boardwalk REIT from a “hold” rating to a “buy” rating and increased their price target for the company from C$46.00 to C$52.00 in a research report on Wednesday, November 15th. Raymond James Financial increased their price target on Boardwalk REIT from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. BMO Capital Markets set a C$37.75 price target on Boardwalk REIT and gave the company an “underperform” rating in a research report on Thursday, November 16th. CIBC reduced their price target on Boardwalk REIT from C$44.00 to C$40.00 in a research report on Thursday, November 16th. Finally, Royal Bank of Canada reduced their price target on Boardwalk REIT from C$45.00 to C$44.00 in a research report on Thursday, November 16th.
Boardwalk REIT (BEI.UN) opened at C$45.41 on Friday. Boardwalk REIT has a 12 month low of C$37.96 and a 12 month high of C$49.75. The stock has a market capitalization of $2,100.00, a PE ratio of 216.24 and a beta of 0.25.
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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.
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