Boardwalk REIT (TSE:BEI.UN) had its target price boosted by National Bank Financial from C$46.25 to C$48.00 in a research report released on Tuesday morning. National Bank Financial currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada lifted their price objective on Boardwalk REIT from C$50.00 to C$53.00 in a research report on Tuesday. BMO Capital Markets lifted their price objective on Boardwalk REIT from C$45.00 to C$50.00 in a research report on Wednesday, May 30th. CIBC lifted their price objective on Boardwalk REIT from C$45.00 to C$48.00 in a research report on Thursday, May 17th. Desjardins lifted their price objective on Boardwalk REIT from C$48.00 to C$49.00 in a research report on Thursday, May 17th. Finally, Canaccord Genuity lifted their price objective on Boardwalk REIT from C$44.00 to C$46.00 in a research report on Monday, April 30th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$50.33.

BEI.UN stock opened at C$51.57 on Tuesday. Boardwalk REIT has a 1-year low of C$37.96 and a 1-year 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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