Boardwalk REIT (BEI.UN), the Financial sector company, was revisited by a Wall Street analyst on January 4. Analyst Mark Rothschild from Canaccord Genuity remains neutral on the stock and has a C$39 price target.
Rothschild has an average return of 27.0% when recommending Boardwalk REIT.
According to TipRanks.com, Rothschild is ranked #718 out of 5116 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Boardwalk REIT with a C$47.93 average 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$37.59, close to its 52-week low of C$36.47.
