Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Boardwalk Real Estate Investment Trust's stock price has moved above its 50-day moving average of $50.76, trading as high as $52.55 recently.
• The company reported earnings of $0.74 per share with a net margin of 67.26% and a return on equity of 8.55% in its latest quarterly results.
• Boardwalk REIT holds a market capitalization of $2.78 billion and operates over 34,000 residential suites in more than 200 communities across Canada.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $50.76 and traded as high as $52.55. Boardwalk Real Estate Investment Trust shares last traded at $52.14, with a volume of 9,218 shares traded.

Boardwalk Real Estate Investment Trust Trading Down 0.3%

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 13.00 and a beta of 1.15. The firm has a 50 day moving average price of $50.94 and a two-hundred day moving average price of $47.17.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last released its earnings results on Tuesday, May 6th. The financial services provider reported $0.74 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 67.26% and a return on equity of 8.55%.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.