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

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) released its quarterly earnings data on Tuesday. The financial services provider reported ($0.21) earnings per share for the quarter, Zacks reports. Boardwalk Real Estate Investment Trust had a negative return on equity of 0.64% and a negative net margin of 4.86%.The business had revenue of $116.24 million during the quarter.

Boardwalk Real Estate Investment Trust Price Performance

Shares of OTCMKTS BOWFF opened at $46.75 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.61. Boardwalk Real Estate Investment Trust has a 12-month low of $43.33 and a 12-month high of $54.08. The firm’s 50-day moving average price is $46.23 and its 200-day moving average price is $47.60. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -63.18 and a beta of 0.93.

Wall Street Analyst Weigh In

Separately, Colliers Securities raised Boardwalk Real Estate Investment Trust to a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.