Bsr Real Estate Investment Trust (TSE:HOM.U) Given New C$13.00 Price Target at Desjardins

Key Points

• Desjardins cut its price target on Bsr Real Estate Investment Trust from C$14.00 to C$13.00 while maintaining a "buy" rating, implying roughly a 12.65% upside from the current price.
• Analyst coverage is mixed but tilted positive: three "buy" and two "hold" ratings yield a consensus "Moderate Buy" with an average target of C$13.30.
• The stock trades at C$11.54 (below analyst targets and its C$13.58 52‑week high) and shows high leverage (debt-to-equity 161.52) with a negative P/E of -18.85.

Bsr Real Estate Investment Trust (TSE:HOM.U - Get Free Report) had its price objective decreased by equities research analysts at Desjardins from C$14.00 to C$13.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target would suggest a potential upside of 12.65% from the stock's current price.

A number of other equities analysts also recently weighed in on HOM.U. TD Securities dropped their target price on shares of Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set a "buy" rating for the company in a research note on Friday, December 12th. National Bank Financial decreased their price target on shares of Bsr Real Estate Investment Trust from C$13.00 to C$12.50 and set a "sector perform" rating on the stock in a research note on Friday. Finally, Scotiabank boosted their price objective on shares of Bsr Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Bsr Real Estate Investment Trust has a consensus rating of "Moderate Buy" and an average target price of C$13.30.

Bsr Real Estate Investment Trust Price Performance

Shares of HOM.U stock traded up C$0.02 during trading hours on Friday, hitting C$11.54. 22,864 shares of the company's stock were exchanged, compared to its average volume of 32,483. The stock's 50-day moving average is C$12.39 and its 200-day moving average is C$12.25. The company has a debt-to-equity ratio of 161.52, a current ratio of 0.12 and a quick ratio of 0.45. Bsr Real Estate Investment Trust has a 52 week low of C$11.15 and a 52 week high of C$13.58. The stock has a market cap of C$386.66 million, a price-to-earnings ratio of -18.85 and a beta of 0.77.

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.

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