Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $37.49 and trades as high as $41.17. Boardwalk Real Estate Investment Trust shares last traded at $41.17, with a volume of 191 shares traded.
Analyst Upgrades and Downgrades
A number of equity analysts have recently commented on the company. Canaccord Genuity Group raised their price target on Boardwalk Real Estate Investment Trust from C$54.00 to C$56.00 in a report on Thursday, November 10th. National Bank Financial increased their price objective on Boardwalk Real Estate Investment Trust from C$58.00 to C$60.00 in a research report on Monday, October 24th. BMO Capital Markets increased their price objective on Boardwalk Real Estate Investment Trust from C$56.50 to C$61.00 in a research report on Monday, November 14th. Royal Bank of Canada increased their price objective on Boardwalk Real Estate Investment Trust from C$64.00 to C$65.00 in a research report on Friday, November 11th. Finally, Scotiabank increased their price objective on Boardwalk Real Estate Investment Trust from C$59.00 to C$63.00 in a research report on Monday, November 14th.
Boardwalk Real Estate Investment Trust Stock Up 0.9 %
The stock has a 50-day simple moving average of $37.49 and a two-hundred day simple moving average of $36.53. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.88 billion, a PE ratio of 7.58 and a beta of 1.37.
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $0.78 earnings per share for the quarter. The business had revenue of $96.19 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 11.95% and a net margin of 82.87%.
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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