TD Securities Issues Pessimistic Forecast for Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Price

Key Points

• TD Securities cut its price target on BSR Real Estate Investment Trust to C$13.00 (from C$15.50) while maintaining a "buy" rating, implying roughly a 12.7% upside from the prior close.
• Analyst views are mixed but generally cautious—three "buy" and two "hold" ratings with a MarketBeat consensus target of C$13.30, classifying the stock as a "Moderate Buy."
• The stock trades at C$11.54 and has concerning fundamentals, including a negative P/E, a very low current ratio (0.12), and a debt-to-equity of 161.52, signaling leverage and liquidity risk.

Bsr Real Estate Investment Trust (TSE:HOM.U - Get Free Report) had its price objective decreased by analysts at TD Securities from C$15.50 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 12.65% from the company's previous close.

A number of other research firms have also recently commented on HOM.U. Royal Bank Of Canada cut Bsr Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$14.50 to C$13.00 in a research report on Friday. National Bank Financial reduced their target price 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 report on Friday. Scotiabank lifted their price target 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 report on Friday, December 12th. Finally, Desjardins cut their price objective on shares of Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a "buy" rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$13.30.

Bsr Real Estate Investment Trust Price Performance

Shares of TSE HOM.U traded up C$0.02 during trading on Friday, reaching C$11.54. The company had a trading volume of 22,864 shares, compared to its average volume of 32,483. Bsr Real Estate Investment Trust has a twelve month low of C$11.15 and a twelve month high of C$13.58. The stock has a market capitalization of C$386.66 million, a PE ratio of -18.85 and a beta of 0.77. The stock has a 50-day moving average price of C$12.39 and a two-hundred day moving average price of 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.

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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