BSR Real Estate Investment Trust (NYSE:BSRT) Stock Short Interest Declines 57.3%

BSR Real Estate Investment Trust (NYSE:BSRT) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 22,840 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the company’s stock are sold short.

BSR Real Estate Investment Trust Trading Down 1.6%

BSR Real Estate Investment Trust stock traded down $0.17 during mid-day trading on Friday, reaching $10.48. The stock had a trading volume of 13,477 shares, compared to its average volume of 23,184. 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 Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a $0.0467 dividend. The ex-dividend date is Friday, October 30th.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BSRT shares. Weiss Ratings began coverage on BSR Real Estate Investment Trust in a research note on Wednesday, October 21st. They issued a “sell (d+)” rating on the stock. TD Securities raised BSR Real Estate Investment Trust to a “strong-buy” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.