Boardwalk REIT (BEI.UN), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Raymond James’ analyst Ken Avalos reiterates their Buy rating on the shares, with a C$48 price target.
According to TipRanks.com, Avalos is ranked #658 out of 5203 analysts.
Boardwalk REIT has an analyst consensus of Hold, with a price target consensus of C$46.78.
Based on Boardwalk REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$33.08 million. In comparison, last year the company had a GAAP net loss of C$67.77 million.
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 Tuesday at C$40.89.
