Scotiabank upgraded shares of Bsr Real Estate Investment Trust (TSE:HOM.U – Free Report) from a sector perform rating to an outperform rating in a report published on Tuesday, BayStreet.CA reports. The brokerage currently has C$16.50 price target on the stock, up from their previous price target of C$15.50.
Other analysts have also recently issued reports about the company. TD Securities upped their price target on 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. BMO Capital Markets increased their target price on shares of Bsr Real Estate Investment Trust from C$13.50 to C$14.50 and gave the stock an outperform rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$15.00.
Check Out Our Latest Report on HOM.U
Bsr Real Estate Investment Trust Trading Down 0.1 %
Bsr Real Estate Investment Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.0467 per share. This is an increase from Bsr Real Estate Investment Trust’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Saturday, August 31st. Bsr Real Estate Investment Trust’s dividend payout ratio (DPR) is -9.56%.
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.
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