Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Upgraded by Canaccord Genuity Group to Buy

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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research note issued on Thursday, Briefing.com reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research note on Wednesday, May 11th. Desjardins lowered their price target on shares of Boardwalk Real Estate Investment Trust from C$61.00 to C$58.00 in a research report on Friday, May 13th. Canaccord Genuity Group upgraded shares of Boardwalk Real Estate Investment Trust from a “hold” rating to a “buy” rating and cut their price target for the company from C$56.00 to C$51.00 in a research note on Thursday. National Bank Financial cut their price target on shares of Boardwalk Real Estate Investment Trust from C$68.50 to C$52.00 in a research note on Wednesday. Finally, TD Securities dropped their price objective on shares of Boardwalk Real Estate Investment Trust from C$70.00 to C$68.00 in a report on Wednesday, May 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.22.

Boardwalk Real Estate Investment Trust Stock Up 3.2 %

BOWFF opened at $36.50 on Thursday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.78. Boardwalk Real Estate Investment Trust has a 1-year low of $31.78 and a 1-year high of $48.50. The company has a market capitalization of $1.69 billion, a PE ratio of 4.37 and a beta of 1.45. The firm’s 50 day simple moving average is $35.61 and its two-hundred day simple moving average is $41.17.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) last posted its earnings results on Monday, May 9th. The financial services provider reported $1.19 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 102.59% and a return on equity of 15.35%. The company had revenue of $93.38 million during the quarter.

About Boardwalk Real Estate Investment Trust

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Boardwalk REIT strives to be Canada’s friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.

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