Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Hits New 52-Week Low – Here’s What Happened

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.49 and last traded at $43.65, with a volume of 1157 shares changing hands. The stock had previously closed at $44.09.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Boardwalk Real Estate Investment Trust Stock Performance

The stock has a market capitalization of $2.12 billion, a P/E ratio of 4.32 and a beta of 1.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day simple moving average is $48.02 and its two-hundred day simple moving average is $55.04.

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.