Bsr Real Estate Investment Trust (TSE:HOM.U) Trading 1% Higher – Here’s What Happened

Bsr Real Estate Investment Trust (TSE:HOM.U)’s share price rose 1% during trading on Monday . The stock traded as high as C$12.11 and last traded at C$12.00. 7,339 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 21,635 shares. The stock had previously closed at C$11.88.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HOM.U. National Bank Financial reduced their target price on Bsr Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Desjardins lowered their target price on shares of Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a “buy” rating for the company in a research note on Friday, March 13th. TD Securities cut their price target on shares of Bsr Real Estate Investment Trust from C$15.50 to C$13.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Royal Bank Of Canada downgraded shares of Bsr Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$14.50 to C$13.00 in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Bsr Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of C$13.30.

Bsr Real Estate Investment Trust Stock Up 1.0%

The company’s 50 day moving average price is C$11.78 and its two-hundred day moving average price is C$11.95. The company has a quick ratio of 0.45, a current ratio of 0.12 and a debt-to-equity ratio of 161.52. The stock has a market cap of C$408.20 million, a P/E ratio of 261.02 and a beta of 0.93.

Bsr Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.0467 dividend. The ex-dividend date of this dividend was Sunday, May 31st. This represents a c) annualized dividend and a yield of 4.7%. Bsr Real Estate Investment Trust’s dividend payout ratio is 1,218.95%.

Bsr Real Estate Investment Trust Company Profile

BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary markets in the Sunbelt region of the United States.