Bsr Real Estate Investment Trust (TSE:HOM.U) Shares Down 2% - Should You Sell?

Bsr Real Estate Investment Trust (TSE:HOM.U - Get Free Report) was down 2% during trading on Monday . The company traded as low as C$12.92 and last traded at C$12.92. Approximately 9,100 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 33,392 shares. The stock had previously closed at C$13.18.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Securities increased their price objective 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 research report on Thursday, August 8th. Scotiabank upgraded Bsr Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets upped their price target 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 research note on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Bsr Real Estate Investment Trust presently has an average rating of "Buy" and an average target price of C$15.00.

Bsr Real Estate Investment Trust Stock Up 0.1 %

The stock has a fifty day moving average price of C$13.56 and a 200 day moving average price of C$12.24. The company has a debt-to-equity ratio of 161.52, a current ratio of 0.12 and a quick ratio of 0.45. The stock has a market capitalization of C$431.60 million, a P/E ratio of -2.21 and a beta of 1.08.

Bsr Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Thursday, October 31st. Bsr Real Estate Investment Trust's dividend payout ratio is currently -9.56%.

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.