Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Receives Consensus Rating of “Hold” from Brokerages
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month objective price among brokerages that have issued a report on the stock in the last year is $63.13.
A number of research analysts have recently commented on BOWFF shares. National Bank Financial raised their target price on Boardwalk Real Estate Investment Trust from C$67.00 to C$68.50 in a research note on Wednesday, April 27th. Scotiabank boosted their target price on shares of Boardwalk Real Estate Investment Trust from C$59.25 to C$61.00 in a report on Tuesday, March 1st. BMO Capital Markets upped their target price on shares of Boardwalk Real Estate Investment Trust from C$56.25 to C$61.00 in a research report on Tuesday, March 1st. Canaccord Genuity Group lifted their price target on shares of Boardwalk Real Estate Investment Trust from C$58.00 to C$62.50 in a research report on Tuesday, March 1st. Finally, Royal Bank of Canada upped their price objective on shares of Boardwalk Real Estate Investment Trust from C$63.00 to C$69.00 in a report on Monday, February 28th.
Shares of BOWFF opened at $41.94 on Thursday. Boardwalk Real Estate Investment Trust has a 1-year low of $28.79 and a 1-year high of $48.50. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $45.51 and its 200-day moving average price is $44.00. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.48 and a beta of 1.40.
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The financial services provider reported $2.25 EPS for the quarter. The business had revenue of $94.73 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 94.64% and a return on equity of 14.55%.
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 profitable 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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