BSR Real Estate Investment Trust (TSE:HOM.UN) Price Target Cut to C$12.50

BSR Real Estate Investment Trust (TSE:HOM.UN) had its price target reduced by National Bankshares from C$13.25 to C$12.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential downside of 15.65% from the stock’s previous close.

BSR Real Estate Investment Trust Stock Performance

BSR Real Estate Investment Trust stock opened at C$14.82 on Wednesday. The stock’s 50-day moving average is C$15.12 and its 200-day moving average is C$15.18. BSR Real Estate Investment Trust has a 12 month low of C$13.63 and a 12 month high of C$18.53.

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 markets in the Sunbelt region of the United States.