Boardwalk REIT (BEI.UN) Price Target Raised to C$56.00 at TD Securities
Boardwalk REIT (TSE:BEI.UN) had its price target raised by TD Securities from C$54.00 to C$56.00 in a research report sent to investors on Tuesday. TD Securities currently has a buy rating on the real estate investment trust’s stock.
A number of other equities analysts have also recently commented on BEI.UN. Canaccord Genuity raised their target price on Boardwalk REIT from C$44.00 to C$46.00 in a report on Monday, April 30th. National Bank Financial lifted their price objective on Boardwalk REIT from C$44.75 to C$46.25 and gave the company a sector perform rating in a research note on Wednesday, May 16th. Royal Bank of Canada lifted their price objective on Boardwalk REIT from C$48.00 to C$50.00 and gave the company a sector perform rating in a research note on Thursday, May 17th. Desjardins lifted their price objective on Boardwalk REIT from C$48.00 to C$49.00 in a research note on Thursday, May 17th. Finally, CIBC lifted their price objective on Boardwalk REIT from C$45.00 to C$48.00 in a research note on Thursday, May 17th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of C$50.33.
Shares of Boardwalk REIT stock opened at C$50.06 on Tuesday. Boardwalk REIT has a 12 month low of C$37.96 and a 12 month high of C$49.75.
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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