TSX:HOM.DB.U - Post Discussion
Post by
retiredcf on Mar 31, 2021 7:11am
Analyst Recommendation
First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/andrew-moffs-past-picks~2171004
BSR REIT (HOM-U TSX)
- Then: $13.58
- Now: $13.66
- Return: 1%
- Total Return: 5%
PAST TOP PICK
BSR REIT
(HOM.UN-T)
March 30, 2021
(A Top Pick Apr 30/20, Up 5%) They operate multi-family apartments in the U.S. sunbelt--mostly Dallas, Houston and Austin, which are high-growth/job centres, and BSR is targeting the middle market with affordable rents. Likes this, but the valuation doesn't make sense. It trades at an implied CAP rate of 6.1% (the capitalization rate is the going-in yield when you buy a property, like a bond yield, and the higher the yield, the lower the price, and vice-versa). A great, well-run company. Very bullish about it.
REAL ESTATE
Andrew Moffs
Price
$13.700
Owned
Yes
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