Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF) Given Consensus Rating of “Hold” by Brokerages


Shares of Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF – Get Rating) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $ 62.22.

Several research analysts have recently commented on the company. Desjardins reduced their price target on Boardwalk Real Estate Investment Trust from C $ 61.00 to C $ 58.00 in a research report on Friday, May 13th. Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C $ 61.00 to C $ 59.00 in a research report on Wednesday, May 11th. National Bank Financial boosted their price target on Boardwalk Real Estate Investment Trust from C $ 67.00 to C $ 68.50 in a research report on Wednesday, April 27th. Canaccord Genuity Group boosted their price target on Boardwalk Real Estate Investment Trust from C $ 58.00 to C $ 62.50 in a research report on Tuesday, March 1st. Finally, Royal Bank of Canada reduced their price target on Boardwalk Real Estate Investment Trust from C $ 69.00 to C $ 68.00 in a research report on Wednesday, May 11th.

Shares of OTCMKTS BOWFF opened at $ 33.22 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $ 39.31 and a two-hundred day simple moving average of $ 42.47. The firm has a market cap of $ 1.54 billion, a PE ratio of 3.98 and a beta of 1.41. Boardwalk Real Estate Investment Trust has a twelve month low of $ 31.78 and a twelve month high of $ 48.50.

Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF – Get Rating) last issued its earnings results on Monday, May 9th. The financial services provider reported $ 1.19 earnings per share for the quarter. The business had revenue of $ 93.38 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.35% and a net margin of 102.59%.

About Boardwalk Real Estate Investment Trust (Get Rating)

Boardwalk REIT strives to be Canada’s friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi -family communities.

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