BSR REIT price target lowered to $15.50 from $15 at Scotiabank

Scotiabank analyst Himanshu Gupta raised the firm’s price target on BSR REIT to $15.50 from $15 and keeps a Sector Perform rating on the shares. The firm believes the home ownership unit price tends to move with effective market rent growth, the analyst tells investors. The firm expects the company’s portfolio blended market rent growth to hit an inflection point in Q4, then improve in Q1 and onwards.