Royal Bank Of Canada Has Lowered Expectations for BSR Real Estate Investment Trust (NYSE:BSRT) Stock Price

BSR Real Estate Investment Trust (NYSE:BSRT) had its target price decreased by equities research analysts at Royal Bank Of Canada from $12.50 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target indicates a potential upside of 19.36% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Weiss Ratings cut shares of BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. TD Securities upgraded shares of BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Finally, Wall Street Zen upgraded BSR Real Estate Investment Trust to a “hold” rating in a research note on Saturday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BSR Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $11.25.

BSR Real Estate Investment Trust Price Performance

BSRT traded down $0.04 during trading on Friday, reaching $9.22. 179,788 shares of the company were exchanged, 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 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.

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.