Boardwalk REIT (TSE:BEI.UN – Get Free Report) had its target price decreased by equities research analysts at National Bankshares from C$87.00 to C$86.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price would indicate a potential upside of 18.09% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Laurentian raised their target price on shares of Boardwalk REIT from C$75.00 to C$80.00 in a research report on Monday, January 22nd. Cormark raised their target price on shares of Boardwalk REIT from C$72.00 to C$86.00 in a research report on Thursday, March 14th. BMO Capital Markets raised their target price on shares of Boardwalk REIT from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. CIBC raised their target price on shares of Boardwalk REIT from C$74.50 to C$81.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Desjardins raised their target price on shares of Boardwalk REIT from C$81.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boardwalk REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.42.
Read Our Latest Stock Analysis on BEI.UN
Boardwalk REIT Stock Down 0.1 %
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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