Bsr Real Estate Investment Trust (TSE:HOM.U) Downgraded to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Bsr Real Estate Investment Trust (TSE:HOM.U) from an outperform rating to a sector perform rating in a report published on Friday,BayStreet.CA reports. The brokerage currently has C$13.00 target price on the stock, down from their prior target price of C$14.50.

Several other equities analysts have also recently commented on the stock. National Bank Financial reduced their price target on shares of 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 report on Friday. TD Securities cut their price objective on Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, December 12th. Scotiabank increased their target price on Bsr Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Desjardins decreased their target price on Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a “buy” rating for the company in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.30.

Bsr Real Estate Investment Trust Price Performance

Shares of HOM.U stock opened at C$11.50 on Friday. The firm has a fifty day moving average of C$12.38 and a two-hundred day moving average of C$12.25. The firm has a market cap of C$385.32 million, a P/E ratio of -18.78 and a beta of 0.77. Bsr Real Estate Investment Trust has a 1-year low of C$11.15 and a 1-year high of C$13.58. The company has a debt-to-equity ratio of 161.52, a current ratio of 0.12 and a quick ratio of 0.45.

Bsr Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Saturday, February 28th. This represents a c) annualized dividend and a dividend yield of 4.9%. Bsr Real Estate Investment Trust’s payout ratio is -91.53%.

About Bsr Real Estate Investment Trust

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.