Shares of Boardwalk REIT (TSE:BEI.UN) reached a new 52-week low on Friday . The company traded as low as C$37.96 and last traded at C$38.02, with a volume of shares.

Several analysts recently weighed in on BEI.UN shares. National Bank Financial reduced their price objective on shares of Boardwalk REIT from C$39.00 to C$37.00 and set an “underperform” rating on the stock in a research note on Friday, August 18th. TD Securities reduced their price objective on shares of Boardwalk REIT from C$49.00 to C$46.00 in a research note on Monday, August 14th. Scotiabank reduced their price objective on shares of Boardwalk REIT from C$48.00 to C$42.50 and set a “sector perform” rating on the stock in a research note on Monday, August 14th. Royal Bank Of Canada reduced their price objective on shares of Boardwalk REIT from C$49.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Monday, August 14th. Finally, Canaccord Genuity reduced their price objective on shares of Boardwalk REIT from C$47.00 to C$45.00 in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$43.18.

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Boardwalk REIT Company Profile

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet.

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