Scotiabank upgraded shares of Bsr Real Estate Investment Trust (TSE:HOM.U – Free Report) from a sector perform rating to an outperform rating in a report published on Tuesday morning, BayStreet.CA reports. They currently have C$16.50 target price on the stock, up from their previous target price of C$15.50.
Other research analysts also recently issued research reports about the stock. TD Securities lifted their price objective on shares of Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a buy rating in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock an outperform rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$15.00.
Read Our Latest Research Report on HOM.U
Bsr Real Estate Investment Trust Trading Down 0.1 %
Bsr Real Estate Investment Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be given a dividend of $0.0467 per share. The ex-dividend date is Saturday, August 31st. This is an increase from Bsr Real Estate Investment Trust’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a yield of 4.19%. Bsr Real Estate Investment Trust’s dividend payout ratio (DPR) is -9.56%.
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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