Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Price Up 1.9% – Time to Buy?

Shares of Bsr Real Estate Investment Trust (TSE:HOM.U) were up 1.9% during mid-day trading on Tuesday . The company traded as high as C$13.37 and last traded at C$13.25. Approximately 63,426 shares changed hands during mid-day trading, an increase of 335% from the average daily volume of 14,564 shares. The stock had previously closed at C$13.00.

Wall Street Analysts Forecast Growth

HOM.U has been the subject of a number of research analyst reports. National Bankshares lifted their price objective on shares of Bsr Real Estate Investment Trust from C$13.50 to C$14.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. Royal Bank of Canada reduced their price objective on Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.10.

Bsr Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$442.29 million, a P/E ratio of -2.26 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. The business’s fifty day moving average price is C$12.17 and its two-hundred day moving average price is C$12.73.

Bsr Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 17th were paid a $0.0467 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.56 annualized dividend and a yield of 4.23%. Bsr Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -9.56%.

Insider Activity

In related news, Director Graham David Senst bought 1,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of C$18.03 per share, with a total value of C$28,846.08. Insiders own 13.69% of the company’s stock.

Bsr Real Estate Investment Trust Company Profile

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.