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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sees Large Volume Increase - Here's Why

Boardwalk Real Estate Investment Trust logo with Finance background
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Key Points

  • 217% volume increase: Trading volume jumped to 5,698 shares (from 1,798) and the stock was trading up about 1% at $48.54 during mid-day trading.
  • Analyst action: Colliers Securities upgraded Boardwalk to a "Hold," and the consensus rating on MarketBeat is currently Hold.
  • Recent results and metrics: The trust reported $999.00 EPS for the quarter with $119.44M revenue, a market cap of $2.33B and a high PE of 81.40, while showing low liquidity (current and quick ratios of 0.11) and modest ROE (1.17%) and net margin (8.97%).
  • Five stocks we like better than Boardwalk Real Estate Investment Trust.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) saw an uptick in trading volume on Thursday . 5,698 shares traded hands during mid-day trading, an increase of 217% from the previous session's volume of 1,798 shares.The stock last traded at $48.54 and had previously closed at $48.37.

Analyst Ratings Changes

Separately, Colliers Securities upgraded 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 presently has a consensus rating of "Hold".

Read Our Latest Stock Report on Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust Trading Up 1.0%

The firm has a 50 day simple moving average of $47.73 and a 200 day simple moving average of $47.47. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.33 billion, a PE ratio of 81.40 and a beta of 0.96.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $999.00 EPS for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 1.17% and a net margin of 8.97%.The business had revenue of $119.44 million for the quarter.

About Boardwalk Real Estate Investment Trust

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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