BSR Real Estate Investment Trust (NYSE:BSRT) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of BSR Real Estate Investment Trust (NYSE:BSRT) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.25.

A number of brokerages have commented on BSRT. Wall Street Zen lowered BSR Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Canadian Imperial Bank of Commerce started coverage on BSR Real Estate Investment Trust in a research report on Thursday. They set a “strong-buy” rating for the company. TD Securities raised BSR Real Estate Investment Trust to a “strong-buy” rating in a research note on Tuesday, October 20th. Royal Bank Of Canada cut their price target on BSR Real Estate Investment Trust from $12.50 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Weiss Ratings cut BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday.

BSR Real Estate Investment Trust Price Performance

Shares of BSRT traded down $0.04 during mid-day trading on Friday, hitting $9.22. 179,788 shares of the company traded hands, compared to its average volume of 53,202. BSR Real Estate Investment Trust has a one year low of $9.20 and a one year high of $13.00.

BSR Real Estate Investment Trust (NYSE:BSRT) last issued its quarterly earnings results 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 Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Friday, October 30th.

About BSR Real Estate Investment Trust

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.