Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Down – Should You Sell?

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) gapped down before the market opened on Friday . The stock had previously closed at $48.27, but opened at $45.18. Boardwalk Real Estate Investment Trust shares last traded at $48.59, with a volume of 1,800 shares changing hands.

Boardwalk Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $48.98 and a two-hundred day moving average of $48.36. The firm has a market cap of $2.36 billion, a P/E ratio of 18.83 and a beta of 0.94.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.86 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a net margin of 30.45% and a return on equity of 3.91%. The company had revenue of $118.25 million during the quarter.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.