Boardwalk REIT (TSE:BEI.UN – Get Free Report) had its target price dropped by equities researchers at TD Securities from C$92.00 to C$90.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 22.87% from the stock’s current price.
Several other research firms have also issued reports on BEI.UN. BMO Capital Markets lifted their price objective on Boardwalk REIT from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. CIBC lifted their price objective on Boardwalk REIT from C$74.50 to C$81.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Scotiabank decreased their price objective on Boardwalk REIT from C$82.00 to C$80.25 and set a “sector perform” rating on the stock in a report on Monday, March 25th. Royal Bank of Canada lifted their price objective on Boardwalk REIT from C$82.00 to C$86.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, National Bankshares decreased their price objective on Boardwalk REIT from C$87.00 to C$86.50 and set an “outperform” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Boardwalk REIT currently has an average rating of “Moderate Buy” and an average target price of C$84.42.
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Boardwalk REIT Stock Performance
Boardwalk REIT Company Profile
Boardwalk REIT strives to be Canada's friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.
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