11:42 AM EDT, 07/18/2022 (MT Newswires) -- Analysts at the National Bank of Canada on Monday reviewed Boardwalk Real Estate Investment Trust's (BEI-UN.TO) performance and properties portfolio, noting that the properties showed well and the accelerating operating performance was evident.
The analysts attended Boardwalk's investor day and Calgary / Edmonton property tours.
"In conclusion, we came away from the Boardwalk tour with an increased level of confidence in the REIT's ability to outperform from an operations standpoint with near-term momentum and a lack of rent control likely resulting in peer-leading revenue growth," the analysts said.
The bank maintained its outperform rating on the company with a price target of $68.50.
The company's stock edged up 0.9% on last look on Monday.
Price: 42.78, Change: +0.39, Percent Change: +0.92