CIBC Reaffirms Their Hold Rating on Boardwalk REIT (BEI.UN)

By Ryan Adsit

Yesterday, an analyst has provided a rating update for the Financial sector company, Boardwalk REIT (TSX: BEI.UN). The company received a Hold rating from CIBC’s analyst Dean Wilkinson, with a C$49 price target.

According to TipRanks.com, Wilkinson is ranked #434 out of 4847 analysts.

Boardwalk REIT has an analyst consensus of Hold, with a price target consensus of C$50, representing a 0.3% upside. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$48 price target.

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The company has a one-year high of C$48.60 and a one-year low of C$37.96. Currently, Boardwalk REIT has an average volume of 100.6K.

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 Tuesday at C$49.85.