Bsr Real Estate Investment Trust (TSE:HOM.U) Trading Down 2% – Here’s What Happened

Bsr Real Estate Investment Trust (TSE:HOM.U)’s share price fell 2% during trading on Monday . The stock traded as low as C$12.92 and last traded at C$12.92. 9,100 shares changed hands during trading, a decline of 73% from the average session volume of 33,392 shares. The stock had previously closed at C$13.18.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets boosted 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 report on Tuesday, August 13th. Scotiabank raised shares of Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd. Finally, TD Securities upped their price objective 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 research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, 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 Trading Up 0.5 %

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 firm has a 50-day moving average of C$13.57 and a 200-day moving average of C$12.25. The firm has a market capitalization of C$433.61 million, a P/E ratio of -2.22 and a beta of 1.08.

Bsr Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, October 31st. Bsr Real Estate Investment Trust’s payout ratio 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.