Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Receives Consensus “Hold” Recommendation from Analysts

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) have earned a consensus rating of “Hold” from the eight rating agencies that currently cover the company, Marketbeat.com reports. Five equity research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $60.71.

A number of stock analysts have recently commented on BOWFF shares. Scotiabank raised its price target on shares of Boardwalk Real Estate Investment Trust from C$51.25 to C$59.25 and gave the company an “industry performance” rating in a research report from the Tuesday, November 16. CIBC raised its price target on shares of Boardwalk Real Estate Investment Trust from C$53.00 to C$57.00 and gave the stock a “neutral” rating in a Monday, November 15 research note . Royal Bank of Canada raised its price target on shares of Boardwalk Real Estate Investment Trust from C$54.00 to C$63.00 and gave the stock an “outperform” rating in a research note Monday, November 15. TD Securities raised its price target on shares of Boardwalk Real Estate Investment Trust from C$60.00 to C$68.00 and assigned the stock a “buy” rating in a research note from the Monday, November 15. Finally, raised its price target on shares of Boardwalk Real Estate Investment Trust from C$50.00 to C$58.00 and gave the company a “hold” rating in a Monday, November 15 research report.

OTCMKTS: BOWFF opened at $42.27 on Tuesday. The company has a market capitalization of $1.96 billion, a P/E ratio of 18.46 and a beta of 1.51. Boardwalk Real Estate Investment Trust has a 52 week minimum of $26.80 and a 52 week maximum of $45.85. The company’s fifty-day moving average is $43.03 and its 200-day moving average is $40.10. The company has a debt ratio of 0.78, a quick ratio of 0.09 and a current ratio of 0.09.

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Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last announced its results on Thursday, November 11. The financial services provider reported EPS of $4.02 for the quarter. Boardwalk Real Estate Investment Trust posted a net margin of 28.75% and a return on equity of 4.57%. The company had revenue of $94.07 million in the quarter.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust engages in the acquisition, renovation, management, ownership and development of multi-family residential communities. It offers residential units located in Alberta, Saskatchewan, Ontario and Quebec. The company was founded by Sam Kolias and Van Kolias in 1984 and is headquartered in Calgary, Canada.

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

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