Bsr Real Estate Investment Trust (TSE:HOM.U) Hits New 52-Week High at $14.20

Bsr Real Estate Investment Trust (TSE:HOM.U) reached a new 52-week high during trading on Monday . The stock traded as high as C$14.20 and last traded at C$14.20, with a volume of 36315 shares trading hands. The stock had previously closed at C$13.98.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Scotiabank raised Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd. Finally, TD Securities raised their target price on Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Bsr Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of C$15.00.

Bsr Real Estate Investment Trust Stock Down 3.5 %

The company has a debt-to-equity ratio of 161.52, a quick ratio of 0.45 and a current ratio of 0.12. The company has a market cap of C$460.64 million, a price-to-earnings ratio of -2.35 and a beta of 1.08. The business has a 50-day simple moving average of C$12.86 and a 200-day simple moving average of C$11.81.

Bsr Real Estate Investment Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were given a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Saturday, August 31st. This is a positive change from Bsr Real Estate Investment Trust’s previous monthly dividend of $0.04. Bsr Real Estate Investment Trust’s dividend payout ratio (DPR) is -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.