National Bank Financial Cuts Bsr Real Estate Investment Trust (TSE:HOM.U) Price Target to C$12.50

Bsr Real Estate Investment Trust (TSE:HOM.U) had its price objective cut by equities researchers at National Bank Financial from C$13.00 to C$12.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 8.32% from the company’s current price.

A number of other brokerages have also issued reports on HOM.U. TD Securities dropped their price objective on shares of Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set a “buy” rating for the company in a report on Friday, December 12th. Scotiabank increased their price target on Bsr Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.30.

Bsr Real Estate Investment Trust Price Performance

Shares of HOM.U stock traded up C$0.02 during trading hours on Friday, reaching C$11.54. The company had a trading volume of 22,864 shares, compared to its average volume of 32,483. The stock has a fifty day moving average of C$12.39 and a 200-day moving average of C$12.25. The company has a market capitalization of C$386.66 million, a price-to-earnings ratio of -18.85 and a beta of 0.77. 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 has a 12-month low of C$11.15 and a 12-month high of C$13.58.

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.