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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Share Price Crosses 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)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.89 and traded as high as $46.77. Boardwalk Real Estate Investment Trust shares last traded at $46.73, with a volume of 13,214 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut 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 Analysis on Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust Price Performance

The firm has a fifty day moving average of $45.18 and a 200 day moving average of $49.13. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.41 billion, a P/E ratio of 6.68 and a beta of 1.18.

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 earnings per share 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 during 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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