TSE:HOM.UN

18.07
0.11 (0.61%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts agree that BSR REIT is well managed but has underperformed due to factors such as interest rates and supply issues. There is a lack of pricing power and material headwinds, but there is also tremendous demand in the US Sun Belt from job growth and migration. The consensus is to hold on, collect the yield, and hope for better performance in 2025.

Consensus
Hold
Valuation
Fair Value
Similar
Equity, BRET11
HOLD
BSR REIT

Well managed. Reason for underperformance has to do with interest rates and, more recently, with supply. No pricing power, material headwind. Tremendous demand in the US Sun Belt from job growth and migration. Expects lower growth, but could be good setup for 2025. Hold on, collect the yield, hope for better things in 2025.

REAL ESTATE
BUY
BSR REIT

Under pressure. Demand side is great in US, but high levels of new supply. 2023-24 might have more muted growth. Should have nice growing cashflow in latter half of next year. Discount to NAV. Comfortable owning it here.

REAL ESTATE
Unspecified
BSR REIT

It owns apartment buildings inn the U.S. with Dallas being the largest market and will have good cash flow growth this year. It trades at a wide discount to NAV with NAV being the private market value of its real estate. If a REIT trades at a premium to its NAV, he sells. If it trades at a discount, he buys.

REAL ESTATE
PAST TOP PICK
BSR REIT
(A Top Pick Sep 27/21, Up 1%) Canadian listed REIT that operates in USA (Sunbelt multi-family housing). Will continue to hold. Great balance sheet with operating incoming outpacing inflation. Fastest growing cities in the USA are in the Sunbelt. Stock trading at discount to net asset value.
REAL ESTATE
WAIT
BSR REIT
At this point, no, though they have good assets. Good at what they do. Valuation is high. The theme of owning rentals has fully matured. CAD strength is a headwind. Well run. Small cap, good job of growing.
REAL ESTATE
BUY
BSR REIT
A good one to hold. A definite buy. Focus in Texas, where there's tremendous population and job growth. In the affordable part of the market, which is where you want to be at this part of the cycle. Trades at 18% discount to NAV (intrinsic value). Lots of growth ahead, really great management.
REAL ESTATE
PAST TOP PICK
BSR REIT
(A Top Pick Jan 28/21, Up 61%) Owns the middle market or more affordable apartments in the U.S. sunbelt. Management is good and the apartments are well run. There is still a wide discount to NAV so it is a little gem that falls under the radar screen. Suggests a price well above $23.00
REAL ESTATE
PAST TOP PICK
BSR REIT
(A Top Pick Nov 10/20, Up 60%) Continues to recommend it. Tremendous job on capital allocation. In one year, over 40% NAV growth. High growth, right market, sweet spot in rental market. Trades at a discount.
REAL ESTATE
PAST TOP PICK
BSR REIT
(A Top Pick Sep 29/21, Up 52%) All of its business is in the US. It owns multi-family in Dallas, Austin, and Oklahoma City. They are affordable rents. It is one of the cheapest residential stocks. The price should be north of $20.
REAL ESTATE
TOP PICK
BSR REIT
He likes that over the past three years they did a great job of recycling capital. As a result there will be a lot of earnings growth in the company. It trades at a discount to market value. He sees it going north of $20. (Analysts’ price target is $21.55)
REAL ESTATE
BUY
BSR REIT

He finds the sectors that have tailwinds and goes bottom-up to find discounts. You could buy one or both of these: WIR.UN (industrial) or HOM.UN (apartments), as both are USD denominated, listed on TSX, in sectors that he likes.

REAL ESTATE
TOP PICK
BSR REIT
Trades in USD and CAD. US apartments, mainly in the US sunbelt, in high-growth markets. Best way to get exposure to those markets globally. Discount to NAV. Very high cap rate. Valuation is supported at a time when fundamentals are strong. Increasing demand. Yield is 3.7%. (Analysts’ price target is $17.02)
REAL ESTATE
PAST TOP PICK
BSR REIT
(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
PAST TOP PICK
BSR REIT
(A Top Pick Mar 05/20, Down 15%) He's still buying it today. Affordable apartments in the US. Navigated well through the pandemic. Cheap stock, well situated.
REAL ESTATE
TOP PICK
BSR REIT
A way to diversify away from Canadian markets, but still listed on the TSX. Cheap. Lots of upside. Great job of recycling their portfolio. Great chance to buy a smaller, higher growth REIT. Yield is 4.54%. (Analysts’ price target is $16.19)
REAL ESTATE
Showing 1 to 15 of 29 entries

BSR REIT(HOM.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for BSR REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BSR REIT(HOM.UN-T) Frequently Asked Questions

What is BSR REIT stock symbol?

BSR REIT is a Canadian stock, trading under the symbol HOM.UN-T on the Toronto Stock Exchange (HOM.UN-CT). It is usually referred to as TSX:HOM.UN or HOM.UN-T

Is BSR REIT a buy or a sell?

In the last year, 1 stock analyst published opinions about HOM.UN-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BSR REIT.

Is BSR REIT a good investment or a top pick?

BSR REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for BSR REIT.

Why is BSR REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is BSR REIT worth watching?

1 stock analyst on Stockchase covered BSR REIT In the last year. It is a trending stock that is worth watching.

What is BSR REIT stock price?

On 2024-11-21, BSR REIT (HOM.UN-T) stock closed at a price of $18.07.