Bsr Real Estate Investment Trust (TSE:HOM.U) Shares Down 1.4%

Bsr Real Estate Investment Trust (TSE:HOM.U – Get Rating)’s stock price was down 1.4% during trading on Wednesday . The company traded as low as C$12.56 and last traded at C$12.56. Approximately 9,008 shares traded hands during trading, a decline of 60% from the average daily volume of 22,476 shares. The stock had previously closed at C$12.74.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HOM.U shares. National Bankshares cut their price objective on Bsr Real Estate Investment Trust from C$16.50 to C$16.00 in a research report on Tuesday, April 18th. Raymond James downgraded Bsr Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and set a 17.00 price objective for the company. in a research report on Wednesday, March 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a 50.00 price objective on shares of Bsr Real Estate Investment Trust in a research report on Tuesday, March 28th.

Bsr Real Estate Investment Trust Price Performance

The stock has a fifty day moving average price of C$13.07 and a 200-day moving average price of C$13.58. The company has a market cap of C$456.05 million, a PE ratio of 3.20 and a beta of 1.11. The company has a debt-to-equity ratio of 110.96, a current ratio of 0.70 and a quick ratio of 0.45.

Bsr Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 15th were issued a $0.0433 dividend. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.14%. Bsr Real Estate Investment Trust’s payout ratio is currently 13.23%.

About Bsr Real Estate Investment Trust

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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.