Boardwalk REIT (OTCMKTS:BOWFF) Downgraded by ValuEngine to “Hold”

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ValuEngine lowered shares of Boardwalk REIT (OTCMKTS:BOWFF) from a buy rating to a hold rating in a report released on Tuesday, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the stock. Echelon Wealth Partners restated a buy rating and issued a $55.00 target price on shares of Boardwalk REIT in a report on Sunday, November 17th. Desjardins upgraded shares of Boardwalk REIT from a hold rating to a buy rating in a report on Friday, September 27th.

Boardwalk REIT stock traded down $0.04 during midday trading on Tuesday, hitting $35.90. 252 shares of the company’s stock were exchanged, compared to its average volume of 674. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 19.24 and a beta of 0.58. Boardwalk REIT has a 12-month low of $27.61 and a 12-month high of $36.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.10 and a current ratio of 0.10. The firm’s 50 day simple moving average is $34.29 and its 200 day simple moving average is $32.29.

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.063 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 2.11%.

Boardwalk REIT Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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