Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Releases Quarterly Earnings Results

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, Zacks reports. 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 Stock Performance

Shares of BOWFF remained flat at $46.75 during mid-day trading on Tuesday. The stock had a trading volume of 4,248 shares, compared to its average volume of 10,124. Boardwalk Real Estate Investment Trust has a 52 week low of $43.33 and a 52 week high of $54.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $2.19 billion, a PE ratio of 77.92 and a beta of 0.93. The stock has a 50 day simple moving average of $46.22 and a 200 day simple moving average of $47.63.

Analyst Upgrades and Downgrades

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 stock presently has a consensus rating of “Hold”.

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.