BSR Real Estate Investment Trust (TSE:HOM.UN) Cut to “Sector Perform” at Scotiabank

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

BSR Real Estate Investment Trust Stock Performance

HOM.UN opened at C$15.70 on Thursday. BSR Real Estate Investment Trust has a one year low of C$15.18 and a one year high of C$19.21. The business’s fifty day moving average is C$17.00 and its two-hundred day moving average is C$16.97. The company has a market cap of C$526.04 million, a price-to-earnings ratio of -25.64 and a beta of 0.71.

About BSR Real Estate Investment Trust

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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.

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