Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Price Target Raised to C$68.50 at National Bank Financial

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) had its target price raised by equities researchers at National Bank Financial from C$67.00 to C$68.50 in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group upped their price target on Boardwalk Real Estate Investment Trust from C$58.00 to C$62.50 in a research note on Tuesday, March 1st. Royal Bank of Canada upped their price target on Boardwalk Real Estate Investment Trust from C$63.00 to C$69.00 in a research note on Monday, February 28th. BMO Capital Markets upped their price target on Boardwalk Real Estate Investment Trust from C$56.25 to C$61.00 in a research note on Tuesday, March 1st. Finally, Scotiabank upped their price target on Boardwalk Real Estate Investment Trust from C$59.25 to C$61.00 in a research note on Tuesday, March 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.00.

OTCMKTS BOWFF traded down $0.86 during trading hours on Wednesday, hitting $43.20. 255 shares of the company’s stock were exchanged, compared to its average volume of 1,890. The business’s 50 day moving average is $45.50 and its 200-day moving average is $43.90. Boardwalk Real Estate Investment Trust has a 12-month low of $28.79 and a 12-month high of $48.50. The firm has a market capitalization of $2.00 billion, a P/E ratio of 5.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.12 and a current ratio of 0.12.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) last released its earnings results on Thursday, February 24th. The financial services provider reported $2.25 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 14.55% and a net margin of 94.64%. The firm had revenue of $94.73 million for the quarter.

Boardwalk Real Estate Investment Trust Company Profile (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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