Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Sets New 1-Year Low – Here’s What Happened

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $41.49 and last traded at $42.99, with a volume of 1660 shares traded. The stock had previously closed at $43.38.

Analysts Set New Price Targets

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

Boardwalk Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day moving average price of $45.53 and a 200 day moving average price of $53.97. The company has a market capitalization of $2.12 billion, a P/E ratio of 4.34 and a beta of 1.53.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.82 earnings per share for the quarter. The firm had revenue of $112.46 million for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.06% and a net margin of 117.99%.

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.