Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Share Price Passes Above 50 Day Moving Average – What’s Next?

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Boardwalk Real Estate Investment Trust Trading Up 1.0 %

The company has a market cap of $2.51 billion, a price-to-earnings ratio of 6.95 and a beta of 1.57. The company’s 50 day moving average price is $44.89 and its 200 day moving average price is $49.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.29.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its earnings results 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

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.