BSR Real Estate Investment Trust (TSE:HOM.UN) Rating Lowered to Sector Perform at Scotiabank

BSR Real Estate Investment Trust (TSE:HOM.UN) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday,BayStreet.CA reports.

BSR Real Estate Investment Trust Trading Down 5.9%

BSR Real Estate Investment Trust stock traded down C$0.99 on Thursday, reaching C$15.70. 41,948 shares of the stock were exchanged, compared to its average volume of 13,343. BSR Real Estate Investment Trust has a twelve month low of C$15.18 and a twelve month high of C$19.21. The firm has a fifty day moving average price of C$17.05 and a two-hundred day moving average price of C$16.99. The stock has a market cap of C$526.04 million, a PE ratio of -25.64 and a beta of 0.71.

About BSR Real Estate Investment Trust

BSR Real Estate Investment Trust is an open-ended real estate investment trust. It is engaged in the business to acquire and operate multi-family residential rental properties, with a focus on garden-style multifamily communities in select high growth markets across the Sunbelt region of the United States. The REIT operates in Arkansas, Texas, Oklahoma and Mississippi. Its key revenue source is rental income.