BSR Real Estate Investment Trust (NYSE:BSRT) Stock Short Interest Report for October

BSR Real Estate Investment Trust (NYSE:BSRT) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 38,074 shares, a decrease of 57.3% from the September 30th total of 89,125 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 22,840 shares, the days-to-cover ratio is currently 1.7 days.

BSR Real Estate Investment Trust Stock Down 1.6%

Shares of BSRT stock opened at $10.48 on Friday. BSR Real Estate Investment Trust has a 12 month low of $10.26 and a 12 month high of $13.00.

BSR Real Estate Investment Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.0467 per share. The ex-dividend date is Friday, October 30th.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Securities upgraded BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Wall Street Zen upgraded shares of BSR Real Estate Investment Trust to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings started coverage on shares of BSR Real Estate Investment Trust in a report on Wednesday, October 21st. They issued a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

BSR Real Estate Investment Trust Company Profile

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.