Boardwalk Real Estate Investment Trust (TSE:BEI) Upgraded to Strong-Buy at Raymond James

Raymond James upgraded shares of Boardwalk Real Estate Investment Trust (TSE:BEI) to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports. Raymond James also issued estimates for Boardwalk Real Estate Investment Trust’s Q2 2024 earnings at $1.03 EPS, Q3 2024 earnings at $1.08 EPS, Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $4.13 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.16 EPS, FY2025 earnings at $4.50 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $1.24 EPS and FY2026 earnings at $4.92 EPS.

Boardwalk Real Estate Investment Trust Stock Performance

Boardwalk Real Estate Investment Trust has a 1 year low of C$37.96 and a 1 year high of C$49.75.

Boardwalk Real Estate Investment Trust (TSE:BEI) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$6.23 earnings per share for the quarter, beating the consensus estimate of C$0.91 by C$5.32. The firm had revenue of C$145.20 million for the quarter.

About Boardwalk Real Estate Investment Trust

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.