BSR Real Estate Investment Trust (NYSE:BSRT – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 38,074 shares, a drop of 57.3% from the September 30th total of 89,125 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 22,840 shares, the days-to-cover ratio is currently 1.7 days.
BSR Real Estate Investment Trust Price Performance
Shares of BSRT stock traded down $0.17 during trading on Friday, reaching $10.48. The company had a trading volume of 13,477 shares, compared to its average volume of 54,971. BSR Real Estate Investment Trust has a one year low of $10.26 and a one year high of $13.00.
BSR Real Estate Investment Trust Dividend Announcement
The business also recently declared 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 is Friday, October 30th.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BSRT. Weiss Ratings started coverage on shares of BSR Real Estate Investment Trust in a research note on Wednesday, October 21st. They issued a “sell (d+)” rating for the company. Wall Street Zen upgraded shares of BSR Real Estate Investment Trust to a “hold” rating in a research note on Saturday. Finally, TD Securities upgraded shares of BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on BSRT
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is a real estate investment trust focused on owning and operating multifamily residential communities in the southern United States. Its portfolio consists primarily of apartment properties serving residents in growing Sun Belt markets.
The trust’s main activities include leasing apartment homes, managing residential communities, and maintaining and improving its properties. Its operations have historically been concentrated in Texas, Oklahoma and Arkansas, with properties located in markets supported by population growth, employment opportunities and demand for rental housing.
BSR REIT was established as a publicly traded real estate investment trust in 2018.
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