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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) issued its quarterly 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 net margin of 8.97% and a return on equity of 1.18%.

Boardwalk Real Estate Investment Trust Stock Performance

OTCMKTS BOWFF remained flat at $46.75 during trading on Tuesday. The company’s stock had a trading volume of 4,248 shares, compared to its average volume of 10,124. The stock has a market capitalization of $2.19 billion, a P/E ratio of 77.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.26 and a current ratio of 0.26. Boardwalk Real Estate Investment Trust has a 12-month low of $43.33 and a 12-month high of $54.08. The firm’s fifty day moving average price is $46.22 and its 200 day moving average price is $47.63.

Wall Street Analyst Weigh In

Separately, Colliers Securities raised shares of Boardwalk Real Estate Investment Trust to a “hold” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average 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.