A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Canaccord Genuity’s analyst Mark Rothschild reiterates their Hold rating on the shares of Boardwalk REIT (BEI.UN), with a C$44 price target.
According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 7.2% and a 71.4% success rate. Rothschild covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Summit Industrial Income REIT.
Currently, the analyst consensus on Boardwalk REIT is a Hold with an average price target of C$46.42, which is a 11.0% upside from current levels. In a report issued on February 22, CIBC also reiterated a Hold rating on the stock with a C$46 price target.
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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 Monday at C$41.83.
