Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) PT Lowered to C$58.00

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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) had its target price cut by Desjardins from C$61.00 to C$58.00 in a research report sent to investors on Friday morning, The Fly reports.

Several other research analysts have also weighed in on BOWFF. TD Securities lowered their target price on shares of Boardwalk Real Estate Investment Trust from C$70.00 to C$68.00 in a research note on Wednesday. Scotiabank cut their price objective on shares of Boardwalk Real Estate Investment Trust from C$61.00 to C$59.00 in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$58.00 to C$62.50 in a report on Tuesday, March 1st. National Bank Financial raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$67.00 to C$68.50 in a report on Wednesday, April 27th. Finally, BMO Capital Markets raised their price objective on shares of Boardwalk Real Estate Investment Trust from C$56.25 to C$61.00 in a report on Tuesday, March 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $62.22.

OTCMKTS:BOWFF traded up $0.90 during trading hours on Friday, reaching $37.58. 583 shares of the company were exchanged, compared to its average volume of 4,458. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average is $44.55 and its 200-day moving average is $43.73. The firm has a market cap of $1.74 billion, a PE ratio of 4.50 and a beta of 1.41. Boardwalk Real Estate Investment Trust has a twelve month low of $28.79 and a twelve month high of $48.50.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFFGet Rating) last issued its earnings results on Thursday, February 24th. The financial services provider reported $2.25 EPS for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 102.59% and a return on equity of 15.52%. The business had revenue of $94.73 million during the quarter.

About Boardwalk Real Estate Investment Trust (Get Rating)

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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