Short Interest in BSR Real Estate Investment Trust (OTCMKTS:BSRTF) Grows By 362.1%

BSR Real Estate Investment Trust (OTCMKTS:BSRTF) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 26,800 shares, a growth of 362.1% from the February 28th total of 5,800 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.7 days.

BSR Real Estate Investment Trust Price Performance

Shares of OTCMKTS:BSRTF traded up $0.15 during midday trading on Friday, hitting $13.18. The stock had a trading volume of 6,489 shares, compared to its average volume of 24,991. BSR Real Estate Investment Trust has a fifty-two week low of $10.62 and a fifty-two week high of $14.39. The company’s 50-day moving average price is $12.13 and its 200-day moving average price is $12.75.

BSR Real Estate Investment Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0467 per share. The ex-dividend date is Monday, March 31st. This is an increase from BSR Real Estate Investment Trust’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a dividend yield of 4.25%.

About BSR Real Estate Investment Trust

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 markets in the Sunbelt region of the United States.