TSX:HOM.DB.U - Post Discussion
Post by
retiredcf on Mar 11, 2021 8:28am
Another Upgrade
Desjardins Securities’ Kyle Stanley raised his BSR Real Estate Investment Trust target to US$13 from US$12.50 with a “buy” rating, while Raymond James’ Brad Sturges bumped up his target to US$13 from US$12.75 with an “outperform” recommendation and iA Capital Markets’ Frdric Blondeau moved his target to US$12.50 from US$1 with a “buy” rating. The average is US$12.39.
“Barring any further ‘tactical’ moves, BSR’s market rotation program has substantially finished,” said Mr. Sturges. “BSR’s portfolio is now strategically weighted towards the Texas markets of Dallas, Houston, and Austin (80 per cent of BSR’s NOI), which are expected to experience continued above-average job and population growth going forward. A re-acceleration of BSR’s SP-AMR growth year-over-year and further execution on the acquisition front may support improving AFFO/unit growth prospects for the REIT as 2021 progresses, which may also act as near-term positive catalysts for BSR’s unit price.”
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