Desjardins Has Lowered Expectations for BSR Real Estate Investment Trust (NYSE:BSRT) Stock Price

BSR Real Estate Investment Trust (NYSE:BSRT) had its price target cut by stock analysts at Desjardins from $12.50 to $11.50 in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 24.78% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Wall Street Zen upgraded BSR Real Estate Investment Trust to a “hold” rating in a research report on Saturday, October 31st. Weiss Ratings downgraded shares of BSR Real Estate Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. TD Securities raised BSR Real Estate Investment Trust to a “strong-buy” rating in a report on Tuesday, October 20th. Finally, Royal Bank Of Canada lowered their price objective on BSR Real Estate Investment Trust from $12.50 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.25.

BSR Real Estate Investment Trust Stock Down 0.5%

BSR Real Estate Investment Trust stock traded down $0.04 during mid-day trading on Friday, reaching $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 1 year low of $9.20 and a 1 year 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) EPS for the quarter. The firm 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.