Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Issues Earnings Results

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) announced its quarterly earnings data on Thursday. The financial services provider reported $0.79 earnings per share for the quarter, Zacks reports. Boardwalk Real Estate Investment Trust had a return on equity of 15.06% and a net margin of 117.99%. The firm had revenue of $113.54 million during the quarter.

Boardwalk Real Estate Investment Trust Stock Up 1.3 %

Shares of Boardwalk Real Estate Investment Trust stock opened at $45.27 on Friday. Boardwalk Real Estate Investment Trust has a 12 month low of $41.49 and a 12 month high of $71.39. The business has a fifty day simple moving average of $44.19 and a 200 day simple moving average of $52.78. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.22 billion, a PE ratio of 4.57 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.