Bsr Real Estate Investment Trust (TSE:HOM.U) Reaches New 12-Month High at $14.20

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank raised shares of Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$15.50 to C$16.50 in a report on Tuesday, September 3rd. TD Securities raised their target price on shares of Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, 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 company an “outperform” rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$15.00.

Bsr Real Estate Investment Trust Trading Up 1.6 %

The firm’s 50-day moving average is C$12.72 and its 200 day moving average is C$11.75. 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 firm has a market capitalization of C$474.00 million, a price-to-earnings ratio of -2.42 and a beta of 1.08.

Bsr Real Estate Investment Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be given a dividend of $0.0467 per share. The ex-dividend date 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 annualized dividend and a yield of 3.95%. 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.