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oardwalk Real Estate Investment Trust (TSE:BEI.UN) has received an average recommendation of "Moderate Buy" from eight analysts covering the company. Three analysts have given the stock a hold rating, while five have assigned a buy rating. The consensus price target among these analysts is C$85.88 over the next 12 months.

    Several recent analyst reports have been issued on BEI.UN shares. BMO Capital Markets downgraded the stock from "outperform" to "market perform," reducing its price target from C$84.00 to C$73.00. National Bankshares and TD Securities also lowered their targets, while Scotiabank reduced its price objective.

    Shares of TSE:BEI.UN traded up C$0.21 on Thursday, reaching a high of C$64.46. The company's stock has a market capitalization of C$3.18 billion and a PEG ratio of 1.24. Boardwalk Real Estate Investment Trust has announced a monthly dividend, which was paid on November 15th to shareholders of record.

    Director Scott Andrew Morrison recently purchased 650 shares of the firm's stock at an average cost of C$64.76 per share. Company insiders own approximately 17.92% of the company's stock. Boardwalk REIT is a leading owner/operator of multi-family rental communities in Canada, with over 34,000 residential suites and a proven long-term track record of building better communities.