Bsr Real Estate Investment Trust (TSE:HOM.U) Rating Increased to Outperform at Scotiabank

Bsr Real Estate Investment Trust (TSE:HOM.U) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a C$16.50 target price on the stock, up from their previous target price of C$15.50. Scotiabank’s price objective would indicate a potential upside of 21.86% from the company’s current price.

Several other equities research analysts also recently commented on the company. BMO Capital Markets boosted their price objective on Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the company an “outperform” rating in a report on Tuesday, August 13th. TD Securities boosted their price target on shares of Bsr Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$15.00.

Bsr Real Estate Investment Trust Price Performance

HOM.U stock opened at C$13.54 on Tuesday. Bsr Real Estate Investment Trust has a 1 year low of C$9.99 and a 1 year high of C$13.71. The stock has a market capitalization of C$451.97 million, a PE ratio of -2.31 and a beta of 1.08. The company’s 50-day moving average is C$12.47 and its 200-day moving average is C$11.65. The company has a debt-to-equity ratio of 161.52, a current ratio of 0.12 and a quick ratio of 0.45.

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.