BMO Capital Markets Analysts Give Boardwalk REIT (BEI.UN) a C$37.75 Price Target

Boardwalk REIT (TSE:BEI.UN) has been assigned a C$37.75 price objective by research analysts at BMO Capital Markets in a report issued on Thursday, November 16th. The firm currently has an “underperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 10.78% from the stock’s current price.

Several other research analysts also recently issued reports on BEI.UN. Canaccord Genuity cut their price objective on Boardwalk REIT from C$47.00 to C$45.00 in a research report on Monday, August 14th. Royal Bank Of Canada cut their price target on Boardwalk REIT from C$49.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, August 14th. Scotiabank cut their price target on Boardwalk REIT from C$48.00 to C$42.50 and set a “sector perform” rating for the company in a report on Monday, August 14th. TD Securities cut their price target on Boardwalk REIT from C$49.00 to C$46.00 in a report on Monday, August 14th. Finally, National Bank Financial cut their price target on Boardwalk REIT from C$39.00 to C$37.00 and set an “underperform” rating for the company in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Boardwalk REIT currently has a consensus rating of “Hold” and a consensus price target of C$42.93.

Shares of Boardwalk REIT (BEI.UN) traded up C$0.60 during trading hours on Thursday, hitting C$42.31. The stock had a trading volume of 141,330 shares, compared to its average volume of 153,260. Boardwalk REIT has a fifty-two week low of C$37.96 and a fifty-two 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.

Analyst Recommendations for Boardwalk REIT (TSE:BEI.UN)

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