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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) gapped down prior to trading on Thursday . The stock had previously closed at $47.90, but opened at $45.70. Boardwalk Real Estate Investment Trust shares last traded at $45.77, with a volume of 711 shares changing hands.

Boardwalk Real Estate Investment Trust Stock Performance

The firm has a 50-day moving average price of $46.39 and a 200 day moving average price of $47.19. The firm has a market capitalization of $2.09 billion, a PE ratio of -62.00 and a beta of 0.91. The company has a quick ratio of 0.26, a current ratio of 0.20 and a debt-to-equity ratio of 0.62.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Boardwalk Real Estate Investment Trust had a negative net margin of 4.86% and a negative return on equity of 0.65%. The firm had revenue of $116.24 million during the quarter.

About Boardwalk Real Estate Investment Trust

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.