Echelon Wealth Partners Keeps a Buy Rating on Boardwalk REIT (BOWFF)

By Jason Carr

Echelon Wealth Partners analyst Frederic Blondeau maintained a Buy rating on Boardwalk REIT (BOWFFResearch Report) on November 15 and set a price target of C$55.00. The company’s shares closed last Monday at $35.87, close to its 52-week high of $36.11.

According to TipRanks.com, Blondeau is a 3-star analyst with an average return of 4.4% and a 64.3% success rate. Blondeau covers the Financial sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, Dream Global Real Estate Investment, and Cominar Real Estate Investment.

Boardwalk REIT has an analyst consensus of Strong Buy, with a price target consensus of $39.13.

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Boardwalk REIT’s market cap is currently $1.82B and has a P/E ratio of 17.24. The company has a Price to Book ratio of 0.75.

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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.