Boardwalk Real Estate Investment Trust (TSE:BEI.UN – Get Free Report) had its target price decreased by analysts at Scotiabank from C$85.00 to C$84.75 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 5.67% from the company’s previous close.
Several other brokerages also recently issued reports on BEI.UN. TD Securities increased their price target on Boardwalk Real Estate Investment Trust from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Raymond James cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from C$96.00 to C$100.00 in a report on Friday, September 6th. National Bankshares lifted their price target on Boardwalk Real Estate Investment Trust from C$93.00 to C$96.00 in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$88.00 to C$98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, CIBC lifted their target price on shares of Boardwalk Real Estate Investment Trust from C$81.00 to C$86.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$90.18.
View Our Latest Report on BEI.UN
Boardwalk Real Estate Investment Trust Price Performance
Insider Buying and Selling
In related news, Senior Officer James Ha sold 8,100 shares of Boardwalk Real Estate Investment Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$87.60, for a total value of C$709,560.00. Insiders own 17.92% of the company’s stock.
Boardwalk Real Estate Investment Trust Company Profile
Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.
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