BMO Capital Markets Raises Boardwalk REIT (BEI.UN) Price Target to C$50.00

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Boardwalk REIT (TSE:BEI.UN) had its price target upped by BMO Capital Markets from C$45.00 to C$50.00 in a research note issued to investors on Wednesday, May 30th.

Several other equities research analysts have also recently weighed in on BEI.UN. CIBC increased their price target on Boardwalk REIT from C$40.00 to C$45.00 in a research note on Tuesday, February 27th. Canaccord Genuity increased their price target on Boardwalk REIT from C$42.50 to C$44.00 and gave the company a hold rating in a research note on Tuesday, February 27th. National Bank Financial raised their target price on Boardwalk REIT from C$42.00 to C$44.75 and gave the stock a sector perform rating in a research note on Tuesday, February 27th. Desjardins reaffirmed a hold rating and set a C$48.00 target price on shares of Boardwalk REIT in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada raised their target price on Boardwalk REIT from C$44.00 to C$48.00 and gave the stock a sector perform rating in a research note on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Boardwalk REIT has a consensus rating of Hold and an average target price of C$49.25.

Shares of BEI.UN stock traded up C$0.66 during mid-day trading on Wednesday, hitting C$46.67. The stock had a trading volume of 64,764 shares, compared to its average volume of 119,513. Boardwalk REIT has a fifty-two week low of C$37.96 and a fifty-two week high of C$49.75.

About Boardwalk REIT

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.

Analyst Recommendations for Boardwalk REIT (TSE:BEI.UN)

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