Boardwalk REIT Receives a Hold from RBC Capital

By Carrie Williams

Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Analyst Matt Barasch from RBC Capital remains neutral on Boardwalk REIT (TSX: BEI.UN) and has a C$49 price target.

According to TipRanks.com, Barasch is a 3-star analyst with an average return of 8.4% and a 72.0% success rate. Barasch covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Ritchie Bros, and Netflix.

Boardwalk REIT has an analyst consensus of Hold, with a price target consensus of C$45.64.

The company has a one year high of C$59.76 and a one year low of C$41. Currently, Boardwalk REIT has an average volume of 101.8K.

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 in 1984 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $48.08.