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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) posted its earnings results on Tuesday. The financial services provider reported $0.86 earnings per share for the quarter, Zacks reports. Boardwalk Real Estate Investment Trust had a return on equity of 1.18% and a net margin of 8.97%.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of Boardwalk Real Estate Investment Trust stock remained flat at $46.75 during trading on Tuesday. The stock had a trading volume of 4,248 shares, compared to its average volume of 10,124. The company has a market cap of $2.19 billion, a P/E ratio of 77.92 and a beta of 0.93. The business’s 50 day simple moving average is $46.22 and its two-hundred day simple moving average is $47.63. Boardwalk Real Estate Investment Trust has a 12 month low of $43.33 and a 12 month high of $54.08. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

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