BSR Real Estate Investment Trust (NYSE:BSRT) Stock Picked Up by Analysts at Canadian Imperial Bank of Commerce

Research analysts at Canadian Imperial Bank of Commerce started coverage on shares of BSR Real Estate Investment Trust (NYSE:BSRT) in a note issued to investors on Thursday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

A number of other research firms have also commented on BSRT. Wall Street Zen lowered shares of BSR Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday. TD Securities upgraded BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Royal Bank Of Canada decreased their price objective on shares of BSR Real Estate Investment Trust from $12.50 to $11.00 and set a “sector perform” rating for the company in a report on Friday. Desjardins lowered their price target on BSR Real Estate Investment Trust from $12.50 to $11.50 and set a “buy” rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.25.

BSR Real Estate Investment Trust Trading Down 0.5%

BSR Real Estate Investment Trust stock traded down $0.04 during midday trading on Thursday, hitting $9.22. The company’s stock had a trading volume of 179,788 shares, compared to its average volume of 53,202. BSR Real Estate Investment Trust has a 12 month low of $9.20 and a 12 month high of $13.00.

BSR Real Estate Investment Trust (NYSE:BSRT) last released its earnings results on Wednesday, November 11th. The company reported ($0.21) EPS 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.