BSR Real Estate Investment Trust (NYSE:BSRT) Now Covered by Canadian Imperial Bank of Commerce

Equities researchers at Canadian Imperial Bank of Commerce started coverage on shares of BSR Real Estate Investment Trust (NYSE:BSRT) in a research note issued on Thursday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings lowered BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Wall Street Zen lowered BSR Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Desjardins decreased their price target on shares of BSR Real Estate Investment Trust from $12.50 to $11.50 and set a “buy” rating for the company in a research report on Friday. TD Securities upgraded BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Finally, Royal Bank Of Canada lowered their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

BSR Real Estate Investment Trust Stock Performance

Shares of NYSE:BSRT traded down $0.04 on Thursday, hitting $9.22. The company had a trading volume of 179,788 shares, compared to its average volume of 53,202. BSR Real Estate Investment Trust has a 52-week low of $9.20 and a 52-week high of $13.00.

BSR Real Estate Investment Trust (NYSE:BSRT) last released its quarterly earnings results on Wednesday, November 11th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $34.52 million for 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.