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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Cross Above 50 Day Moving Average - Here's What Happened

Boardwalk Real Estate Investment Trust logo with Finance background

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $44.51 and traded as high as $46.27. Boardwalk Real Estate Investment Trust shares last traded at $46.27, with a volume of 40,444 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered Boardwalk Real Estate Investment Trust from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th.

View Our Latest Report on BOWFF

Boardwalk Real Estate Investment Trust Price Performance

The company's 50 day moving average is $44.79 and its 200-day moving average is $50.07. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 6.88 and a beta of 1.57. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.79 EPS for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 97.89% and a return on equity of 12.49%. The firm had revenue of $113.54 million for the quarter.

About Boardwalk Real Estate Investment Trust

(Get Free Report)

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.

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