Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Receives Average Recommendation of “Hold” from Analysts

Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF) received an average rating of “hold” from the eight research firms currently covering the stock, MarketBeat Ratings reports. Five research analysts have given the share a hold rating and three with a buy rating. The average twelve-month target price among brokers who released a report on the stock last year is $ 60.71.

BOWFF has been the subject of several new analyst reports. TD Securities raised its target price for the Boardwalk Real Estate Investment Trust from $ 60.00 to $ 68.00 and rated the company a “Buy” in a 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” in a report on Tuesday, November 16. CIBC raised its target price for the Boardwalk Real Estate Investment Trust from $ 53.00 to $ 57.00 and gave the company a “neutral” rating in a report dated Monday, November 15. 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 company as “outperform” in a report on Monday, November 15th. Finally, Canaccord Genuity raised its target price for the Boardwalk Real Estate Investment Trust from $ 50.00 to $ 58.00 and gave the company a “Hold” rating in a report on Monday, November 15th.

BOWFF stock opened at $ 42.89 on Friday. The stock has a 50-day moving average price of $ 43.06 and a 200-day moving average price of $ 38.87. The company has a quick ratio of 0.09, a current ratio of 0.09, and debt of 0.78. The company has a market capitalization of $ 2.00 billion, a price / earnings ratio of 18.73, and a beta of 1.52. The Boardwalk Real Estate Investment Trust has a 12-month low of $ 26.01 and a 12-month high of $ 45.26.

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The Boardwalk Real Estate Investment Trust (OTCMKTS: BOWFF) last published its results on Thursday, November 11th. The financial services company reported earnings per share (EPS) for the quarter of $ 4.02. The company had sales of $ 94.07 million for the quarter. The Boardwalk Real Estate Investment Trust had a return on equity of 4.57% and a net margin of 28.75%.

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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