Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Cut to Hold at BMO Capital Markets

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) was downgraded by analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Boardwalk Real Estate Investment Trust Stock Down 3.3 %

Shares of BOWFF opened at $43.73 on Wednesday. The firm has a market cap of $2.16 billion, a P/E ratio of 4.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.29. Boardwalk Real Estate Investment Trust has a 52 week low of $43.73 and a 52 week high of $71.39. The firm’s 50-day simple moving average is $51.63 and its 200 day simple moving average is $55.79.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada’s friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.