BSR Real Estate Investment Trust (TSE:HOM.UN) Downgraded to “Sector Perform” Rating by Scotiabank

Scotiabank downgraded shares of BSR Real Estate Investment Trust (TSE:HOM.UN) from an outperform rating to a sector perform rating in a report released on Thursday morning,BayStreet.CA reports.

BSR Real Estate Investment Trust Price Performance

HOM.UN opened at C$15.62 on Thursday. BSR Real Estate Investment Trust has a fifty-two week low of C$15.18 and a fifty-two week high of C$19.21. The firm has a market capitalization of C$523.36 million, a PE ratio of -25.51 and a beta of 0.71. The company’s 50-day moving average is C$17.02 and its 200 day moving average is C$16.98.

BSR Real Estate Investment Trust Company Profile

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.