BSR Real Estate Investment Trust (NYSE:BSRT) Stock Price Target Lowered at Royal Bank Of Canada

BSR Real Estate Investment Trust (NYSE:BSRT) had its price objective dropped by Royal Bank Of Canada from $12.50 to $11.00 in a report released on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 18.79% from the stock’s previous close.

Several other brokerages have also recently commented on BSRT. Wall Street Zen raised BSR Real Estate Investment Trust to a “hold” rating in a research report on Saturday, October 31st. TD Securities upgraded BSR Real Estate Investment Trust to a “strong-buy” rating in a research note on Tuesday, October 20th. Finally, Weiss Ratings downgraded shares of BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.00.

BSR Real Estate Investment Trust Price Performance

NYSE BSRT remained flat at $9.26 on Friday. 51,925 shares of the company’s stock traded hands, compared to its average volume of 24,340. BSR Real Estate Investment Trust has a 1 year low of $9.20 and a 1 year high of $13.00.

BSR Real Estate Investment Trust (NYSE:BSRT) last posted its quarterly earnings data on Wednesday, November 11th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $34.52 million for the quarter.

BSR Real Estate Investment Trust Company Profile

BSR Real Estate Investment Trust is a residential real estate company focused on owning and operating multifamily apartment communities in the U.S. Sunbelt. Its properties provide rental housing and related amenities to residents. The trust’s portfolio was concentrated in Texas, Oklahoma and Arkansas, with a focus on apartment communities in growing regional markets. BSR became publicly traded in 2018. Harbor Group International completed its acquisition of BSR in 2024, after which BSR’s units were no longer publicly traded.