Desjardins Remains a Hold on Boardwalk REIT

By Carrie Williams

Boardwalk REIT (TSX: BEI.UN), the Financial sector company, has received a rating update from a Wall Street analyst today. Desjardins’ analyst Michael Markidis reiterates their Hold rating on the shares, with a C$45 price target.

Markidis has an average return of 9.7% when recommending Boardwalk REIT.

According to, Markidis is ranked #921 out of 4743 analysts.

Currently, the analyst consensus on Boardwalk REIT is Hold and the average price target is C$43.71, representing a -1.8% downside.

In a report issued on January 4, Canaccord Genuity also reiterated a Hold rating on the stock with a C$42.50 price target.

The company has a one-year high of C$49.90 and a one-year low of C$37.96. Currently, Boardwalk REIT has an average volume of 138.4K.

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 Friday at C$44.49.