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 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.

Analyst Upgrades and Downgrades

HOM.U has been the subject of several research analyst reports. TD Securities lifted 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. Scotiabank upgraded shares of Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their price target 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 research note on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$15.00.

Bsr Real Estate Investment Trust Stock Performance

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 stock has a market cap of C$474.00 million, a P/E ratio of -2.42 and a beta of 1.08. The company’s 50 day moving average price is C$12.72 and its 200-day moving average price is C$11.75.

Bsr Real Estate Investment Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.0467 dividend. This is a positive change from Bsr Real Estate Investment Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Saturday, August 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.95%. Bsr Real Estate Investment Trust’s dividend payout ratio is presently -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.