Shares of Bsr Real Estate Investment Trust (TSE: HOM.U – Get Rating) have earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C $ 19.69.
HOM.U has been the subject of several research reports. Royal Bank of Canada reduced their target price on Bsr Real Estate Investment Trust from C $ 24.00 to C $ 23.50 and set an “outperform” rating for the company in a report on Thursday, May 12th. National Bankshares boosted their price objective on Bsr Real Estate Investment Trust from C $ 21.50 to C $ 24.50 and gave the company an “outperform” rating in a research note on Thursday, March 10th. Finally, Raymond James set a C $ 24.00 price objective on Bsr Real Estate Investment Trust and gave the company a “strong-buy” rating in a report on Thursday, May 12th.
In other news, Director William Daniel Hughes Jr. acquired 2,000 shares of Bsr Real Estate Investment Trust stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average price of C $ 18.79 per share, for a total transaction of C $ 37,580.28. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at C $ 112,740.84. Also, Director John Stanley Bailey bought 4,600 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average price of C $ 21.95 per share, for a total transaction of C $ 100,971.55. Following the transaction, the director now directly owns 1,023,676 shares in the company, valued at approximately C $ 22,470,032.16. Insiders have acquired a total of 7,600 shares of company stock valued at $ 157,984 over the last ninety days.
Shares of HOM.U opened at C $ 14.99 on Friday. The company has a debt-to-equity ratio of 181.81, a current ratio of 0.73 and a quick ratio of 0.48. Bsr Real Estate Investment Trust has a 1-year low of C $ 12.94 and a 1-year high of C $ 22.17. The stock has a market cap of C $ 470.43 million and a PE ratio of 1.33. The firm has a fifty day moving average price of C $ 16.78 and a 200 day moving average price of C $ 18.20.
The business also recently disclosed a monthly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 15th will be paid a dividend of $ 0.0433 per share. This represents a $ 0.52 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, June 29th. Bsr Real Estate Investment Trust’s dividend payout ratio is presently 4.48%.
About Bsr Real Estate Investment Trust (Get Rating)
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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