Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Rating Lowered by Royal Bank Of Canada

Bsr Real Estate Investment Trust (TSE:HOM.U) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday,BayStreet.CA reports. They currently have a C$13.00 price target on the stock, down from their previous price target of C$14.50. Royal Bank Of Canada’s target price indicates a potential upside of 13.04% from the company’s current price.

Several other brokerages have also commented on HOM.U. TD Securities decreased their price target on Bsr Real Estate Investment Trust from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, December 12th. Desjardins cut their price objective on Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a “buy” rating for the company in a research report on Friday. National Bank Financial reduced their price objective on shares of Bsr Real Estate Investment Trust from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a report on Friday. Finally, Scotiabank upped their target price on shares of Bsr Real Estate Investment Trust from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.30.

Bsr Real Estate Investment Trust Trading Down 0.2%

Shares of Bsr Real Estate Investment Trust stock opened at C$11.50 on Friday. The firm has a market capitalization of C$385.32 million, a price-to-earnings ratio of -18.78 and a beta of 0.77. Bsr Real Estate Investment Trust has a fifty-two week low of C$11.15 and a fifty-two week high of C$13.58. The company has a debt-to-equity ratio of 161.52, a quick ratio of 0.45 and a current ratio of 0.12. The stock has a 50 day moving average of C$12.38 and a 200 day moving average of C$12.24.

About Bsr Real Estate Investment Trust

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.