Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) upgraded to outperform by BMO Capital Markets

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report on Monday, The Fly reports.

A number of other analysts have also recently weighed in on the stock. TD Securities reduced their target price on shares of Boardwalk Real Estate Investment Trust from C$70.00 to C$68.00 in a report on Wednesday, May 11th. National Bank Financial boosted their price objective on Boardwalk Real Estate Investment Trust from C$67.00 to C$68.50 in a research note on Wednesday, April 27th. Desjardins lowered their target price on Boardwalk Real Estate Investment Trust from C$61.00 to C$58.00 in a report on Friday, May 13th. Scotiabank reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$61.00 to C$59.00 in a research note on Wednesday, May 11th. Finally, Royal Bank of Canada cut their target price on shares of Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research note on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Boardwalk Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $62.22, according to MarketBeat .

OTCMKTS BOWFF opened at $32.46 on Monday. Boardwalk Real Estate Investment Trust has a 12-month low of $31.78 and a 12-month high of $48.50. The company has a market cap of $1.50 billion, a P/E ratio of 3.89 and a beta of 1.45. The company’s 50-day simple moving average is $37.72, and its 200-day simple moving average is $42.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.06, and a quick ratio of 0.06.

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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last announced its earnings results on Monday, May 9th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $93.38 million for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 102.59% and a return on equity of 15.35%.

About Boardwalk Real Estate Investment Trust (Get Rating)

Boardwalk REIT strives to be Canada’s friendliest community and currently owns and manages more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s primary objectives are to provide its residents with the best quality communities and superior customer service while providing unitholders with sustainable monthly cash distributions and to increase the value of its unit trusts through selective acquisitions, dispositions, developments and efficient management of their residential multi-family communities.

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

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