National Bank keeps Outperform on four Canadian REITs, cuts two targets
National Bank maintained Outperform ratings on Extendicare, RioCan, Boardwalk REIT and Flagship Communities REIT, and lowered price targets for two of them. Source: Dow Jones Newswires.
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what happened
National Bank kept its Outperform rating on four Canadian real estate trusts and related companies: Boardwalk REIT, Extendicare, Flagship Communities REIT and RioCan REIT. Dow Jones Newswires reported this on October 21, 2026, citing Baystreet.
The price target for Boardwalk REIT was reduced to C$74.25 per share from C$81.00. For Flagship Communities REIT, the bank lowered its target to C$25.25 from C$26.50. The report does not mention any change to price targets for Extendicare or RioCan.
why it matters
Reviews like these concern individual stocks and usually do not move the broader market. For investors in Canadian real estate funds, it is a signal about how one analyst views the prospects of specific companies rather than news about the sector as a whole.
tags
instruments
sources
- Boardwalk REIT Is Maintained at Outperform by National Bank — Dow Jones Newswires, 21 October 2026 at 14:47 UTC
- Extendicare Inc. Is Maintained at Outperform by National Bank — Dow Jones Newswires, 21 October 2026 at 14:47 UTC
- Flagship Communities REIT Is Maintained at Outperform by National Bank — Dow Jones Newswires, 21 October 2026 at 14:47 UTC
- RioCan REIT Is Maintained at Outperform by National Bank — Dow Jones Newswires, 21 October 2026 at 14:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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