TD Securities Lowers Bsr Real Estate Investment Trust (TSE:HOM.U) Price Target to C$13.00

Bsr Real Estate Investment Trust (TSE:HOM.U) had its target price cut by equities research analysts at TD Securities from C$15.50 to C$13.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 13.04% from the company’s previous close.

Other equities analysts have also issued research reports about the company. National Bank Financial dropped their price objective on 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. Royal Bank Of Canada downgraded Bsr Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$14.50 to C$13.00 in a report on Friday. Scotiabank upped their target price on 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. Finally, Desjardins dropped their price target on Bsr Real Estate Investment Trust from C$14.00 to C$13.00 and set a “buy” rating on the stock in a research note on Friday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$13.30.

Bsr Real Estate Investment Trust Price Performance

Shares of TSE:HOM.U opened at C$11.50 on Friday. The company’s fifty day moving average price is C$12.38 and its 200 day moving average price is C$12.24. Bsr Real Estate Investment Trust has a 12 month low of C$11.15 and a 12 month high of C$13.58. 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 market capitalization of C$385.32 million, a P/E ratio of -18.78 and a beta of 0.77.

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.