Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Given Average Analyst Recommendation of Moderate Buy

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating ) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, according to MarketBeat Ratings . Two investment analysts have rated the stock with a hold rating and three have issued a “buy” rating to the company. The average 12-month target price 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 reduced their target price on Boardwalk Real Estate Investment Trust from C$61.00 to C$58.00 in a report on Friday, May 13th. Royal Bank of Canada cut their price target on Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research report on Wednesday, May 11th. Scotiabank cut their price target on Boardwalk Real Estate Investment Trust from C$61 to C$59 in a report on Wednesday, May 11th. Canaccord Genuity Group boosted their target price on Boardwalk Real Estate Investment Trust from C$51 to C$54 and gave the stock a “buy” rating in a report on Friday. Finally, National Bank Financial cut their target price 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 50-day moving average is $35.13, and the 200-day is $40.55. The company has a market cap 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)

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Boardwalk REIT is committed to being Canada’s friendliest communities and currently owns and manages more than 200 communities with more than 33,000 residential units totaling more than 28 million net rentable square feet. Boardwalk’s primary goals are to provide residents with the best quality communities and excellent customer service, while providing Unitholders with consistent monthly cash distributions as well as increasing the value of their trust units through selective acquisitions, disposals, development and efficient management of their single-family communities.

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

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Although Boardwalk Real Estate Investment Trust currently has a Moderate Buy rating among analysts, the top five analysts believe the stock is a better buy.

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