A Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Boardwalk REIT (BEI.UN) received a Hold rating from GMP FirstEnergy’s analyst Himanshu Gupta, CFA, with a C$46 price target.
According to TipRanks.com, CFA is ranked #1971 out of 5203 analysts.
Currently, the analyst consensus on Boardwalk REIT is a Hold with an average price target of C$44.90, a 5.5% upside from current levels. In a report released yesterday, CIBC also reiterated a Hold rating on the stock with a C$46 price target.
.
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 Friday at C$42.54.
