Boardwalk REIT (OTCMKTS:BOWFF) Hits New 52-Week High at $36.51

Boardwalk REIT (OTCMKTS:BOWFF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $36.51 and last traded at $36.51, with a volume of 100 shares trading hands. The stock had previously closed at $36.46.

BOWFF has been the subject of a number of research reports. Desjardins upgraded Boardwalk REIT from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Echelon Wealth Partners reiterated a “buy” rating and issued a $55.00 price target on shares of Boardwalk REIT in a report on Sunday, November 17th. Finally, ValuEngine lowered Boardwalk REIT from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $1.69 billion, a PE ratio of 19.52 and a beta of 0.63. The business has a fifty day moving average of $34.78 and a 200-day moving average of $32.72.

The company also recently declared 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 is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.07%.

Boardwalk REIT Company Profile (OTCMKTS:BOWFF)

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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