Bsr Real Estate Investment Trust (TSE:HOM.U) Lowered to Sector Perform Rating by Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded BSR Real Estate Investment Trust (TSE:HOM.U) from "outperform" to "sector perform" and cut its price target to C$13.00 (from C$14.50), implying roughly a 12.65% upside from the prior close.
• Analyst opinions are mixed—three Buys and two Holds—with a MarketBeat average rating of Moderate Buy and an average target price of C$13.30.
• Shares trade at C$11.54, below analyst targets and near the 1‑year low, while the REIT exhibits high leverage (debt-to-equity 161.52), low liquidity (current ratio 0.12) and a negative PE (-18.85).

Bsr Real Estate Investment Trust (TSE:HOM.U - Get Free Report) was downgraded by equities research analysts at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$13.00 price objective on the stock, down from their prior price objective of C$14.50. Royal Bank Of Canada's target price would suggest a potential upside of 12.65% from the company's previous close.

A number of other research analysts have also recently commented on the company. National Bank Financial lowered their target price on Bsr Real Estate Investment Trust from C$13.00 to C$12.50 and set a "sector perform" rating for the company in a research note on Friday. TD Securities decreased their price objective on Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set a "buy" rating for the company in a report on Friday, December 12th. Scotiabank raised their price objective on Bsr Real Estate Investment Trust from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Finally, Desjardins dropped their target price on shares of Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a "buy" rating on the stock in a report on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$13.30.

Bsr Real Estate Investment Trust Stock Up 0.2%

Shares of HOM.U stock traded up C$0.02 during midday trading on Friday, reaching C$11.54. 22,864 shares of the stock were exchanged, compared to its average volume of 32,483. Bsr Real Estate Investment Trust has a 1 year low of C$11.15 and a 1 year high of C$13.58. The company's 50 day moving average is C$12.39 and its two-hundred day moving average is C$12.25. The company has a current ratio of 0.12, a quick ratio of 0.45 and a debt-to-equity ratio of 161.52. The firm has a market cap of C$386.66 million, a PE ratio of -18.85 and a beta of 0.77.

Bsr Real Estate Investment Trust Company Profile

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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