Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Cross Above Fifty Day Moving Average of $35.41

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $35.41 and traded as high as $38.23. Boardwalk Real Estate Investment Trust shares last traded at $38.00, with a volume of 325 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BOWFF shares. Canaccord Genuity Group raised shares of Boardwalk Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets raised Boardwalk Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research note on Monday, July 4th. Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$61.00 to C$59.00 in a research note on Wednesday, May 11th. Royal Bank of Canada dropped their price target on Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research note on Wednesday, May 11th. Finally, Canaccord Genuity Group raised Boardwalk Real Estate Investment Trust from a “hold” rating to a “buy” rating and dropped their price target for the company from C$56.00 to C$51.00 in a research note on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.22.

Boardwalk Real Estate Investment Trust Stock Performance

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 stock has a market cap of $1.76 billion, a price-to-earnings ratio of 4.55 and a beta of 1.45. The company has a 50 day simple moving average of $35.41 and a 200 day simple moving average of $40.96.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) last issued its earnings results on Monday, May 9th. The financial services provider reported $1.19 EPS for the quarter. The firm 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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