Boardwalk REIT (BEI.UN) PT Lowered to C$49.00 at National Bank Financial

Boardwalk REIT (TSE:BEI.UN) had its price objective decreased by National Bank Financial from C$51.00 to C$49.00 in a report released on Thursday.

BEI.UN has been the subject of several other reports. BMO Capital Markets increased their target price on Boardwalk REIT from C$50.00 to C$54.50 in a research report on Thursday, August 23rd. Raymond James increased their target price on Boardwalk REIT from C$50.00 to C$52.00 and gave the company an outperform rating in a research report on Tuesday, August 14th. TD Securities increased their target price on Boardwalk REIT from C$54.00 to C$56.00 and gave the company a buy rating in a research report on Tuesday, August 14th. Desjardins increased their target price on Boardwalk REIT from C$49.00 to C$50.00 in a research report on Tuesday, August 14th. Finally, Royal Bank of Canada increased their target price on Boardwalk REIT from C$50.00 to C$53.00 in a research report on Tuesday, August 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Boardwalk REIT presently has an average rating of Hold and an average price target of C$50.94.

TSE:BEI.UN traded down C$0.99 during trading hours on Thursday, hitting C$48.37. The company’s stock had a trading volume of 109,836 shares, compared to its average volume of 119,513. Boardwalk REIT has a twelve month low of C$37.96 and a twelve month high of C$49.75.

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

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