Desjardins Issues Pessimistic Forecast for Bsr Real Estate Investment Trust (TSE:HOM.U) Stock Price

Bsr Real Estate Investment Trust (TSE:HOM.U) had its price objective reduced by Desjardins from C$14.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 13.04% from the stock’s current price.

HOM.U has been the topic of a number of other reports. Scotiabank increased their price target on shares of 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. TD Securities cut 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. Finally, National Bank Financial decreased 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 for the company in a research report on Friday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bsr Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$13.30.

Bsr Real Estate Investment Trust Price Performance

TSE:HOM.U opened at C$11.50 on Friday. 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 cap of C$385.32 million, a price-to-earnings ratio of -18.78 and a beta of 0.77. The company has a 50 day moving average price of C$12.38 and a 200-day moving average price of C$12.24. Bsr Real Estate Investment Trust has a 1-year low of C$11.15 and a 1-year high of C$13.58.

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.