Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Down - Here's Why

Key Points

• Shares gapped down ~7.6%, opening at $43.33 after a prior close of $46.88, with about 800 shares trading at the open.
• The company reported $0.86 EPS on $118.25 million in revenue for the quarter (net margin 30.45%, ROE 3.92%), and trades at a market cap of $2.09 billion with a P/E of 16.79.
• Boardwalk is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities, focused on acquiring, developing and managing properties for stable long-term cash flows.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $46.88, but opened at $43.33. Boardwalk Real Estate Investment Trust shares last traded at $43.33, with a volume of 800 shares changing hands.

Boardwalk Real Estate Investment Trust Stock Down 7.6%

The company has a market capitalization of $2.09 billion, a PE ratio of 16.79 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day moving average of $48.25 and a two-hundred day moving average of $47.53.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last released its earnings results on Thursday, February 19th. The financial services provider reported $0.86 earnings per share for the quarter. The company had revenue of $118.25 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 3.92% and a net margin of 30.45%.

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.

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.