Boardwalk REIT (BEI.UN) has received a rating update from a Wall Street analyst yesterday. BMO Capital’s analyst Troy MacLean reiterates their Hold rating on the shares, with a C$48 price target.
According to TipRanks.com, MacLean is ranked #669 out of 5228 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Boardwalk REIT with a C$46.94 average price target, implying a 13.5% upside from current levels. In a report issued on February 25, Canaccord Genuity also maintained a Hold rating on the stock with a C$44 price target.
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Boardwalk REIT’s market cap is currently C$2.13B and has a P/E ratio of 9.8. The company has a Price to Book ratio of 0.68.
Boardwalk Real Estate Investment Trust is an open-ended real estate investment trust. The company engages in real estate rental market business. It has several residential multi-family apartments on Alberta, Ontario, Quebec and Saskatchewan. The company was founded by Sam Kolias and Van Kolias in 1984 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$41.35.
