BSR Real Estate Investment Trust (NYSE:BSRT) Price Target Cut to $11.00 by Analysts at Royal Bank Of Canada

BSR Real Estate Investment Trust (NYSE:BSRT) had its price objective dropped by 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 firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 18.79% from the stock’s previous close.

Several other brokerages have also commented on BSRT. Wall Street Zen upgraded BSR Real Estate Investment Trust to a “hold” rating in a research note on Saturday, October 31st. TD Securities raised shares of BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Finally, Weiss Ratings lowered shares of BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

BSR Real Estate Investment Trust Stock Performance

Shares of BSRT stock remained flat at $9.26 during mid-day trading on Friday. The company’s stock had a trading volume of 51,925 shares, compared to its average volume of 24,340. 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 issued its quarterly earnings results on Wednesday, November 11th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $34.52 million during 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.