TD Securities Cuts Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Price Target to C$68.00

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) had its target price reduced by stock analysts at TD Securities from C$70.00 to C$68.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other analysts also recently issued reports on BOWFF. BMO Capital Markets boosted their price target on Boardwalk Real Estate Investment Trust from C$56.25 to C$61.00 in a research note on Tuesday, March 1st. National Bank Financial upped their target price on Boardwalk Real Estate Investment Trust from C$67.00 to C$68.50 in a research report on Wednesday, April 27th. Canaccord Genuity Group upped their target price on Boardwalk Real Estate Investment Trust from C$58.00 to C$62.50 in a research report on Tuesday, March 1st. Scotiabank upped their target price on Boardwalk Real Estate Investment Trust from C$59.25 to C$61.00 in a research report on Tuesday, March 1st. Finally, Royal Bank of Canada upped their target price on Boardwalk Real Estate Investment Trust from C$63.00 to C$69.00 in a research report on Monday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Shares of OTCMKTS BOWFF traded down $2.09 during midday trading on Wednesday, hitting $36.05. 13,725 shares of the company’s stock were exchanged, compared to its average volume of 2,439. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.77. Boardwalk Real Estate Investment Trust has a 12 month low of $28.79 and a 12 month high of $48.50. The company’s 50 day moving average price is $45.07 and its 200 day moving average price is $43.88. The firm has a market capitalization of $1.67 billion, a PE ratio of 4.71 and a beta of 1.41.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last issued its earnings results on Thursday, February 24th. The financial services provider reported $2.25 EPS for the quarter. The company had revenue of $94.73 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 14.55% and a net margin of 94.64%.

About Boardwalk Real Estate Investment Trust (Get Rating)

Boardwalk REIT strives to be Canada’s friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.

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