Bsr Real Estate Investment Trust (TSE:HOM.U) Upgraded to Outperform at Scotiabank

Scotiabank upgraded shares of Bsr Real Estate Investment Trust (TSE:HOM.U) from a sector perform rating to an outperform rating in a research report report published on Tuesday morning, BayStreet.CA reports. Scotiabank currently has C$16.50 price objective on the stock, up from their prior price objective of C$15.50.

A number of other equities analysts have also commented on HOM.U. BMO Capital Markets raised their target price on shares of Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock an outperform rating in a research report on Tuesday, August 13th. TD Securities raised their price objective on Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a buy rating in a report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of C$15.00.

Bsr Real Estate Investment Trust Trading Down 0.5 %

TSE HOM.U opened at C$13.38 on Tuesday. The stock has a market cap of C$446.62 million, a PE ratio of -2.28 and a beta of 1.08. Bsr Real Estate Investment Trust has a 12 month low of C$9.99 and a 12 month high of C$13.71. The company’s 50-day moving average price is C$12.43 and its 200-day moving average price is C$11.63. The company has a current ratio of 0.12, a quick ratio of 0.45 and a debt-to-equity ratio of 161.52.

Bsr Real Estate Investment Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Saturday, August 31st. This is an increase from Bsr Real Estate Investment Trust’s previous monthly dividend of $0.04. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.19%. Bsr Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -9.56%.

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.