Bsr Real Estate Investment Trust (TSE:HOM.U – Get Free Report) shares dropped 0.8% on Thursday . The company traded as low as C$10.70 and last traded at C$10.70. Approximately 4,500 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 29,689 shares. The stock had previously closed at C$10.79.
Wall Street Analyst Weigh In
HOM.U has been the topic of a number of recent research reports. Raymond James reduced their price target on shares of Bsr Real Estate Investment Trust from C$14.75 to C$14.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th. TD Securities reduced their price target on shares of Bsr Real Estate Investment Trust from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th.
Check Out Our Latest Report on Bsr Real Estate Investment Trust
Bsr Real Estate Investment Trust Price Performance
Bsr Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a $0.0433 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.52 annualized dividend and a yield of 4.81%. Bsr Real Estate Investment Trust’s payout ratio is currently -8.18%.
Insider Activity at Bsr Real Estate Investment Trust
In related news, Director Neil Joseph Labatte sold 64,300 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$11.00, for a total value of C$707,300.00. Over the last ninety days, insiders acquired 2,850 shares of company stock worth $31,119. 13.67% of the stock is currently owned by insiders.
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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