Bsr Real Estate Investment Trust (TSE:HOM.U) Trading Down 2% – Should You Sell?

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective 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 report on Tuesday, August 13th. TD Securities lifted their price objective on Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Scotiabank raised shares of Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$15.00.

Bsr Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$433.61 million, a price-to-earnings ratio of -2.22 and a beta of 1.08. The company has a fifty day simple moving average of C$13.57 and a 200 day simple moving average of C$12.25. The company has a debt-to-equity ratio of 161.52, a quick ratio of 0.45 and a current ratio of 0.12.

Bsr Real Estate Investment Trust Announces Dividend

The business 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 dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, October 31st. 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.