BSR Real Estate Investment Trust (NYSE:BSRT) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of BSR Real Estate Investment Trust (NYSE:BSRT) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other brokerages have also issued reports on BSRT. TD Securities raised BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Royal Bank Of Canada reduced their target price on 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 decreased their target price on BSR Real Estate Investment Trust from $12.50 to $11.50 and set a “buy” rating for the company in a research 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 note on Thursday. Two 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.25.

BSR Real Estate Investment Trust Trading Down 0.5%

Shares of NYSE BSRT traded down $0.04 during mid-day trading on Friday, hitting $9.22. The company had a trading volume of 179,788 shares, compared to its average volume of 53,202. 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 announced its quarterly earnings data on Wednesday, November 11th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $34.52 million during the quarter.

BSR Real Estate Investment Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be given a $0.0467 dividend. The ex-dividend date 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.