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

Bsr Real Estate Investment Trust (TSE:HOM.U) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.0467 per share on Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, October 31st.

Bsr Real Estate Investment Trust Stock Down 0.6 %

Shares of TSE:HOM.U opened at C$13.15 on Tuesday. The company has a fifty day moving average of C$13.59 and a 200-day moving average of C$12.30. The company has a market capitalization of C$438.95 million, a PE ratio of -2.24 and a beta of 1.08. The company has a debt-to-equity ratio of 161.52, a quick ratio of 0.45 and a current ratio of 0.12. Bsr Real Estate Investment Trust has a 52-week low of C$9.99 and a 52-week high of C$14.48.

Analysts Set New Price Targets

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