Bsr Real Estate Investment Trust (TSE:HOM.U) Trading Down 1.2% – Time to Sell?

Bsr Real Estate Investment Trust (TSE:HOM.U) dropped 1.2% during trading on Friday . The company traded as low as C$12.24 and last traded at C$12.30. Approximately 18,784 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 32,575 shares. The stock had previously closed at C$12.45.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Bsr Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$15.50 to C$16.50 in a research note on Tuesday, September 3rd.

Bsr Real Estate Investment Trust Price Performance

The firm has a market cap of C$410.57 million, a P/E ratio of -2.10 and a beta of 1.08. The firm’s fifty day simple moving average is C$13.04 and its 200 day simple moving average is C$12.79. 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 Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Saturday, November 30th. Bsr Real Estate Investment Trust’s payout ratio is presently -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.