Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Up – Here’s What Happened

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) shares gapped up before the market opened on Thursday . The stock had previously closed at $45.69, but opened at $47.7220. Boardwalk Real Estate Investment Trust shares last traded at $47.7220, with a volume of 150 shares trading hands.

Analysts Set New Price Targets

Separately, Colliers Securities upgraded Boardwalk Real Estate Investment Trust to a “hold” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Boardwalk Real Estate Investment Trust Trading Down 1.6%

The company has a market cap of $2.20 billion, a PE ratio of 78.28 and a beta of 0.93. The stock’s 50 day moving average is $46.21 and its 200-day moving average is $47.68. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.61.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter. The business had revenue of $119.44 million during the quarter. Boardwalk Real Estate Investment Trust had a net margin of 8.97% and a return on equity of 1.18%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.