Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Up – Here’s What Happened

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) gapped up before the market opened on Thursday. The stock had previously closed at $42.7010, but opened at $44.82. Boardwalk Real Estate Investment Trust shares last traded at $44.82, with a volume of 157 shares traded.

Boardwalk Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a 50-day moving average price of $44.41 and a 200-day moving average price of $46.01. The firm has a market capitalization of $1.99 billion, a PE ratio of -59.76 and a beta of 0.94.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported ($0.21) EPS for the quarter. Boardwalk Real Estate Investment Trust had a negative net margin of 4.86% and a negative return on equity of 0.65%. The business had revenue of $116.24 million during the quarter.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust is a Canadian real estate investment trust focused on owning, operating and managing multi-family rental communities. Its portfolio consists primarily of apartment buildings and related residential properties, with services centered on providing rental housing and managing the day-to-day operations of its communities.

Boardwalk serves residents in several Canadian provinces, including Alberta, Saskatchewan, Ontario and Quebec. The trust operates under the Boardwalk brand and offers a range of apartment housing options, supported by leasing, maintenance, resident services and property-management operations.

Founded in 1984, Boardwalk has developed into one of Canada’s prominent publicly traded residential landlords.