BSR Real Estate Investment Trust (OTCMKTS:BSRTF – Get Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 109,700 shares, a decrease of 28.5% from the March 31st total of 153,500 shares. Based on an average daily volume of 40,400 shares, the short-interest ratio is presently 2.7 days.
BSRTF opened at $19.40 on Monday. The stock has a fifty day simple moving average of $20.14 and a two-hundred day simple moving average of $18.38. BSR Real Estate Investment Trust has a 12-month low of $11.08 and a 12-month high of $22.70.
Several brokerages have issued reports on BSRTF. Desjardins upped their target price on BSR Real Estate Investment Trust from C$21.00 to C$23.00 in a research note on Thursday, February 10th. Raymond James increased their price objective on BSR Real Estate Investment Trust from C$23.50 to C$25.00 in a research note on Thursday, March 10th. Finally, BMO Capital Markets increased their price objective on BSR Real Estate Investment Trust from C$20.75 to C$25.00 in a research note on Friday, March 11th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $20.33.
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary markets in the Sunbelt region of the United States.
- Get a free copy of the StockNews.com research report on BSR Real Estate Investment Trust (BSRTF)
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