Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Receives Consensus Rating of “Moderate Buy” from Brokerages
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $58.50.
Several equities research analysts recently issued reports on BOWFF shares. Canaccord Genuity Group raised Boardwalk Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Canaccord Genuity Group raised their target price on shares of Boardwalk Real Estate Investment Trust from C$51.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 12th. National Bank Financial decreased their price target on shares of Boardwalk Real Estate Investment Trust from C$68.50 to C$52.00 in a report on Wednesday, July 20th. Desjardins raised shares of Boardwalk Real Estate Investment Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$58.00 to C$62.50 in a report on Monday, August 22nd. Finally, BMO Capital Markets raised Boardwalk Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Monday, July 4th.
Boardwalk Real Estate Investment Trust Stock Up 4.2%
Shares of OTCMKTS BOWFF opened at $33.60 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $1.54 billion, a PE ratio of 3.88 and a beta of 1.45. Boardwalk Real Estate Investment Trust has a one year low of $31.78 and a one year high of $48.50. The business’s fifty-day moving average price is $36.91 and its 200-day moving average price is $38.64.
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The financial services provider reported $1.21 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 17.92% and a net margin of 123.28%. The firm had revenue of $95.82 million for the quarter.
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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