Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Price Up 1.5% - Here's Why

Bsr Real Estate Investment Trust (TSE:HOM.U - Get Free Report) was up 1.5% during trading on Wednesday . The company traded as high as C$13.21 and last traded at C$13.21. 14,744 shares were traded during trading, an increase of 21% from the average daily volume of 12,215 shares. The stock had previously closed at C$13.02.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HOM.U shares. National Bankshares lifted their price objective on Bsr Real Estate Investment Trust from C$13.50 to C$14.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. Royal Bank Of Canada cut their target price on shares of Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set an "outperform" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Bsr Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$15.10.

Bsr Real Estate Investment Trust Stock Up 1.4%

The stock has a market capitalization of C$447.29 million, a P/E ratio of -2.29 and a beta of 1.08. The company has a debt-to-equity ratio of 161.52, a current ratio of 0.12 and a quick ratio of 0.45. The stock has a fifty day moving average price of C$13.07 and a 200 day moving average price of C$12.50.

Bsr Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.0467 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.18%. Bsr Real Estate Investment Trust's dividend payout ratio is currently -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.