Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Cut to “Hold” at Desjardins
Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF) was downgraded from a “buy” rating to a “hold” rating by analysts at Desjardins in a research report released on Tuesday, The Fly reports.
BOWFF has been the subject of several other reports. National Bank Financial raised its target price for the Boardwalk Real Estate Investment Trust from CAD 60.00 to CAD 63.50 and rated the company as “outperform” in a research report on Monday, November 15th. Scotiabank raised its target price for the Boardwalk Real Estate Investment Trust from $ 51.25 to $ 59.25 and gave the company a “sector performance” rating in a research report on Tuesday, November 16. CIBC raised its price target for the Boardwalk Real Estate Investment Trust from CAD 53.00 to CAD 57.00 and rated the stock as “neutral” in a research report on Monday, November 15th. The Royal Bank of Canada raised its target price for the Boardwalk Real Estate Investment Trust from CAD 54.00 to CAD 63.00 and rated the stock as “outperform” in a research report on Monday, November 15th. Finally, TD Securities raised its price target for the Boardwalk Real Estate Investment Trust from $ 60.00 to $ 68.00 and rated the stock as a “buy” in a research report on Monday, November 15th. Four analysts have given the stock a hold rating and four a buy rating for the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $ 61.06.
BOWFF stock opened Tuesday at $ 42.75. The Boardwalk Real Estate Investment Trust has a 12-month low of $ 25.61 and a 12-month high of $ 45.26. The company has a quick ratio of 0.02, a current ratio of 0.09, and leverage of 0.78. The company’s 50-day moving average is $ 42.44 and the company’s 200-day moving average is $ 38.03. The company has a market cap of $ 1.99 billion, a P / E of 18.67, and a beta of 1.52.
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Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF) last announced its quarterly results on Thursday, November 11th. The financial services company reported $ 4.02 EPS for the quarter. The Boardwalk Real Estate Investment Trust had a return on equity of 4.57% and a net margin of 28.75%. The company had sales of $ 94.07 million for the quarter.
Boardwalk Real Estate Investment Trust Company Profile
The Boardwalk Real Estate Investment Trust deals with the acquisition, redevelopment, management, ownership and development of multi-family residential communities. It offers residential units in Alberta, Saskatchewan, Ontario and Quebec. The company was founded in 1984 by Sam Kolias and Van Kolias and is headquartered in Calgary, Canada.
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