BSR Real Estate Investment Trust (NYSE:BSRT) Releases Quarterly Earnings Results

BSR Real Estate Investment Trust (NYSE:BSRT) issued its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $34.52 million during the quarter.

BSR Real Estate Investment Trust Trading Up 0.4%

BSRT stock traded up $0.04 during mid-day trading on Friday, reaching $9.30. 129,769 shares of the stock traded hands, compared to its average volume of 24,830. 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 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 paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Friday, October 30th.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BSRT shares. TD Securities upgraded shares of BSR Real Estate Investment Trust to a “strong-buy” rating in a research report on Tuesday, October 20th. Wall Street Zen raised shares of BSR Real Estate Investment Trust to a “hold” rating in a research note on Saturday, October 31st. Weiss Ratings lowered shares of BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Finally, Royal Bank Of Canada dropped 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 research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.00.

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.