Royal Bank of Canada Lowers Bsr Real Estate Investment Trust (TSE:HOM.U) Price Target to C$15.50

Bsr Real Estate Investment Trust (TSE:HOM.U) had its price target cut by Royal Bank of Canada from C$16.00 to C$15.50 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Bsr Real Estate Investment Trust Trading Up 0.1 %

Shares of Bsr Real Estate Investment Trust stock opened at C$12.59 on Friday. The firm has a 50-day moving average of C$11.97 and a 200-day moving average of C$12.82. The stock has a market cap of C$420.25 million, a PE ratio of -2.15 and a beta of 1.08. Bsr Real Estate Investment Trust has a 52-week low of C$10.53 and a 52-week high of C$14.48. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 17th were given a $0.0467 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.45%. Bsr Real Estate Investment Trust’s payout ratio is presently -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.