BSR Real Estate Investment Trust (TSE:HOM.UN) Lowered to "Sector Perform" Rating by Scotiabank

Key Points

• Scotiabank downgraded BSR Real Estate Investment Trust from an "outperform" rating to "sector perform."
• Shares fell 5.9% to C$15.70 on Thursday with volume of 41,948 (vs. average 13,343), and the company has a market cap of C$526.04 million and a negative P/E of -25.64.
• BSR is an open-ended REIT focused on garden-style multifamily rental properties in the Sunbelt (Arkansas, Texas, Oklahoma and Mississippi), with rental income as its primary revenue source.

BSR Real Estate Investment Trust (TSE:HOM.UN - Get Free Report) was downgraded by equities researchers at Scotiabank from an "outperform" rating to a "sector perform" rating in a report released on Thursday,BayStreet.CA reports.

BSR Real Estate Investment Trust Stock Down 5.9%

Shares of HOM.UN traded down C$0.99 during midday trading on Thursday, reaching C$15.70. 41,948 shares of the stock were exchanged, compared to its average volume of 13,343. The company has a market cap of C$526.04 million, a price-to-earnings ratio of -25.64 and a beta of 0.71. The firm has a 50 day simple moving average of C$17.05 and a 200-day simple moving average of C$16.99. BSR Real Estate Investment Trust has a 12-month low of C$15.18 and a 12-month high of C$19.21.

About BSR Real Estate Investment Trust

BSR Real Estate Investment Trust is an open-ended real estate investment trust. It is engaged in the business to acquire and operate multi-family residential rental properties, with a focus on garden-style multifamily communities in select high growth markets across the Sunbelt region of the United States. The REIT operates in Arkansas, Texas, Oklahoma and Mississippi. Its key revenue source is rental income.

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