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

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. 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, March 13th. Royal Bank Of Canada downgraded shares of Bsr Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$14.50 to C$13.00 in a report on Friday, March 13th. 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 for the company in a research note on Friday, March 13th. Finally, TD Securities decreased their price objective on shares of Bsr Real Estate Investment Trust from C$15.50 to C$13.00 and set a “buy” rating for the company in a report on Friday, March 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.30.

Bsr Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$406.50 million, a PE ratio of 259.93 and a beta of 0.93. The company has a current ratio of 0.12, a quick ratio of 0.45 and a debt-to-equity ratio of 161.52. The stock has a 50 day moving average price of C$11.79 and a 200-day moving average price of C$11.95.

Bsr Real Estate Investment Trust Dividend Announcement

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

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.