Desjardins Maintains Their Hold Rating on Boardwalk REIT (BEI.UN)
Boardwalk REIT (BEI.UN), the Financial sector company, was revisited by a Wall Street analyst today. The Financial company, Boardwalk REIT (TSX: BEI.UN) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Markidis is a 5-star analyst with an average return of 13.9% and a 88.5% success rate. Markidis covers the Financial sector, focusing on stocks such as Dream Office Real Estate Investment Trust, Cominar Real Estate Investment Trust, and Summit Industrial Income REIT.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boardwalk REIT with a C$48.88 average price target, representing an 8.3% upside. In a report issued on August 16, CIBC also maintained a Hold rating on the stock with a C$47 price target.
Based on Boardwalk REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$71.6 million. In comparison, last year the company had a net profit of C$56.77 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 last Thursday at C$44.99.