Bsr Real Estate Investment Trust (TSE:HOM.U) Trading Up 1.9% – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HOM.U shares. Royal Bank of Canada dropped their price target on shares of Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. National Bankshares increased their price target on Bsr Real Estate Investment Trust from C$13.50 to C$14.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Bsr Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$15.10.

Bsr Real Estate Investment Trust Price Performance

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 firm has a 50-day moving average of C$12.23 and a 200 day moving average of C$12.73. The stock has a market capitalization of C$442.29 million, a price-to-earnings ratio of -2.26 and a beta of 1.08.

Bsr Real Estate Investment Trust Announces Dividend

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

Insider Buying and Selling

In related news, Director Graham David Senst acquired 1,600 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of C$18.03 per share, for a total transaction of C$28,846.08. 13.69% of the stock is currently owned by corporate insiders.

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.