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

Key Points

• Reported quarterly EPS of $999.00
• Shares traded down to $49.38 (down $0.05) on light volume (261 shares vs. a 1,677 average); Boardwalk has a market cap of $2.36 billion and a P/E of 19.14.
• Analyst update: Colliers Securities upgraded the stock to a "hold," and MarketBeat shows an average rating of "Hold."

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) released its earnings results on Tuesday. The financial services provider reported $999.00 EPS for the quarter, Zacks reports. Boardwalk Real Estate Investment Trust had a net margin of 30.45% and a return on equity of 3.92%.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:BOWFF traded down $0.05 during trading on Tuesday, hitting $49.38. 261 shares of the stock traded hands, compared to its average volume of 1,677. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $47.69 and a two-hundred day moving average price of $47.43. 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 market cap of $2.36 billion, a price-to-earnings ratio of 19.14 and a beta of 0.96.

Analyst Ratings Changes

Separately, Colliers Securities upgraded shares of Boardwalk Real Estate Investment Trust to a "hold" rating in a research note on Thursday, April 16th. One 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.

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