Boardwalk REIT Receives a Hold from CIBC

By Austin Angelo

Wall Street analyst has provided a review for the Financial company on February 26, but retained the same rating on the stock. CIBC’s analyst Dean Wilkinson reiterates their Hold rating on the shares of Boardwalk REIT (TSX: BEI.UN), with a C$45 price target.

According to TipRanks.com, Wilkinson is ranked #532 out of 4757 analysts.

Currently, the analyst consensus on Boardwalk REIT is Hold and the average price target is C$45.70, representing a 1.4% upside.

In a report issued on February 26, Canaccord Genuity also maintained a Hold rating on the stock with a C$44 price target.

The company has a one-year high of C$49.75 and a one-year low of C$37.96. Currently, Boardwalk REIT has an average volume of 141.2K.

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 on Thursday at C$45.09.