Boardwalk REIT (BEI.UN) PT Raised to C$50.00

Boardwalk REIT (TSE:BEI.UN) had its price objective lifted by Desjardins from C$49.00 to C$50.00 in a research report released on Tuesday.

A number of other research analysts also recently weighed in on the stock. National Bank Financial increased their target price on shares of Boardwalk REIT from C$46.25 to C$48.00 and gave the company a sector perform rating in a research report on Tuesday. Royal Bank of Canada increased their target price on shares of Boardwalk REIT from C$50.00 to C$53.00 in a research report on Tuesday. Raymond James increased their target price on shares of Boardwalk REIT from C$50.00 to C$52.00 and gave the company an outperform rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Boardwalk REIT from C$45.00 to C$50.00 in a research report on Wednesday, May 30th. Finally, Scotiabank increased their target price on shares of Boardwalk REIT from C$47.25 to C$50.00 and gave the company a sector perform rating in a research report on Friday, May 18th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Boardwalk REIT currently has an average rating of Hold and an average target price of C$50.33.

Shares of BEI.UN stock opened at C$50.75 on Tuesday. Boardwalk REIT has a 52-week low of C$37.96 and a 52-week 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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