Scotiabank analyst Himanshu Gupta upgraded BSR REIT to Outperform from Sector Perform with a price target of $16.50, up from $15.50. The firm recommends buying the Sunbelt just ahead of market rent growth reaching an inflection point. BSR unit price tends to move hand-in-and with effective market rent growth and Scotiabank expects market rent growth to turn positive year-over-year in Q4 and then improve in Q1 and onward, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BSRTF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue