Boardwalk REIT (TSE:BEI) Forecasted to Earn FY2017 Earnings of $2.07 Per Share

Boardwalk REIT (TSE:BEI) – Research analysts at Raymond James Financial cut their FY2017 earnings per share (EPS) estimates for shares of Boardwalk REIT in a research note issued on Thursday, according to Zacks Investment Research. Raymond James Financial analyst K. Avalos now forecasts that the company will earn $2.07 per share for the year, down from their prior forecast of $2.12. Raymond James Financial also issued estimates for Boardwalk REIT’s Q4 2017 earnings at $0.49 EPS and Q1 2018 earnings at $0.54 EPS.

Shares of Boardwalk REIT (TSE BEI) traded up C$0.18 during mid-day trading on Friday, reaching C$41.71. The company had a trading volume of 126,942 shares, compared to its average volume of 152,136. Boardwalk REIT has a 52 week low of C$37.96 and a 52 week high of C$51.18.

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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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Earnings History and Estimates for Boardwalk REIT (TSE:BEI)

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