BSR Real Estate Investment Trust (NYSE:BSRT) Shares Shorted: Short Interest Down 57.3% in October

Key Points

• Short interest plunged 57.3% in October to 38,074 shares, representing 0.1% of outstanding shares and 1.7 days to cover based on average trading volume.
• Analyst sentiment was mixed: TD Securities upgraded the trust to “strong buy,” while Weiss Ratings initiated coverage with a “sell (d+)” rating. MarketBeat’s consensus rating is “Moderate Buy.”
• BSRT shares fell 1.6% to $10.48, while the trust announced a $0.0467 dividend payable November 16 to shareholders of record as of October 30.

BSR Real Estate Investment Trust (NYSE:BSRT - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 38,074 shares, a drop of 57.3% from the September 30th total of 89,125 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 22,840 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings began coverage on BSR Real Estate Investment Trust in a research note on Wednesday, October 21st. They set a "sell (d+)" rating on the stock. TD Securities raised BSR Real Estate Investment Trust to a "strong-buy" rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

BSR Real Estate Investment Trust Trading Down 1.6%

Shares of BSR Real Estate Investment Trust stock traded down $0.17 during trading on Friday, reaching $10.48. 13,477 shares of the stock were exchanged, compared to its average volume of 23,184. BSR Real Estate Investment Trust has a 1 year low of $10.26 and a 1 year high of $13.00.

BSR Real Estate Investment Trust Dividend Announcement

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

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.

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