Bsr Real Estate Investment Trust to Issue Monthly Dividend of $0.05 (TSE:HOM.U)

Bsr Real Estate Investment Trust (TSE:HOM.U) announced a monthly dividend on Monday, September 30th, TickerTech reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.0467 per share on Tuesday, October 15th. This represents a $0.56 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, September 30th.

Bsr Real Estate Investment Trust Stock Up 0.5 %

Shares of TSE:HOM.U opened at C$14.14 on Friday. The stock has a market cap of C$471.99 million, a P/E ratio of -2.41 and a beta of 1.08. The company has a quick ratio of 0.45, a current ratio of 0.12 and a debt-to-equity ratio of 161.52. Bsr Real Estate Investment Trust has a 52-week low of C$9.99 and a 52-week high of C$14.48. The business has a fifty day moving average of C$13.17 and a two-hundred day moving average of C$11.95.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. TD Securities upped their price target on Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Scotiabank upgraded Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$15.50 to C$16.50 in a report on Tuesday, September 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Bsr Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of C$15.00.

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.