Boardwalk Real Estate Investment Trust (TSE:BEI) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Boardwalk Real Estate Investment Trust (TSE:BEI) from a hold rating to a strong-buy rating in a report released on Thursday morning, Zacks.com reports.

Separately, Raymond James raised shares of Boardwalk Real Estate Investment Trust to a strong-buy rating in a report on Wednesday, July 24th.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust has a 12 month low of C$37.96 and a 12 month high of C$49.75.

Boardwalk Real Estate Investment Trust (TSE:BEI) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.91 by C$5.32. The business had revenue of C$145.20 million during the quarter.

Boardwalk Real Estate Investment Trust 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.