Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $58.00.

A number of research firms have issued reports on BOWFF. Desjardins cut their price target on Boardwalk Real Estate Investment Trust from C$61.00 to C$58.00 in a research note on Friday, May 13th. Royal Bank of Canada lowered their price objective on Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research report on Wednesday, May 11th. Scotiabank lowered their price target on Boardwalk Real Estate Investment Trust from C$61.00 to C$59.00 in a report on Wednesday, May 11th. Canaccord Genuity Group boosted their price target on Boardwalk Real Estate Investment Trust from C$51.00 to C$54.00 and gave the stock a “buy” rating in a report on Friday. Finally, National Bank Financial reduced their price objective on Boardwalk Real Estate Investment Trust from C$68.50 to C$52.00 in a research note on Wednesday, July 20th.

Boardwalk Real Estate Investment Trust Price Performance

Shares of OTCMKTS:BOWFF opened at $39.83 on Friday. 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 debt-to-equity ratio of 0.78, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day moving average price of $35.13 and a 200-day moving average price of $40.55. The company has a market capitalization of $1.84 billion, a PE ratio of 4.59 and a beta of 1.47.

Boardwalk Real Estate Investment Trust Company Profile

(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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Analyst Recommendations for Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)

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