Scotiabank upgraded shares of Bsr Real Estate Investment Trust (TSE:HOM.U – Free Report) 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.
View Our Latest Analysis on HOM.U
Bsr Real Estate Investment Trust Trading Down 0.5 %
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.
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