Boardwalk REIT (TSE:BEI.UN – Get Free Report) had its target price decreased 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 indicate a potential upside of 22.87% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the stock. National Bankshares dropped their price target on shares of Boardwalk REIT from C$87.00 to C$86.50 and set an “outperform” rating for the company in a research report on Wednesday. CIBC lifted their price target 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. Cormark lifted their price target on shares of Boardwalk REIT from C$72.00 to C$86.00 in a research report on Thursday, March 14th. BMO Capital Markets lifted their price target 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. Finally, Desjardins lifted their price target 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Boardwalk REIT has an average rating of “Moderate Buy” and a consensus target price of C$84.42.
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About Boardwalk REIT
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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