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Trade Street Residential (NASDAQ:TSRE) CEO Michael Baumann purchased 170,766 shares of the stock on the open market in a transaction dated Thursday, January 16th. The shares were purchased at an average price of $7.40 per share, for a total transaction of $1,263,668.40. Following the completion of the transaction, the chief executive officer now directly owns 258,437 shares of the company’s stock, valued at approximately $1,912,434. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trade Street Residential (NASDAQ:TSRE) traded up 4.34% during mid-day trading on Tuesday, hitting $7.21. 32,009 shares of the company’s stock traded hands. Trade Street Residential has a 52 week low of $0.0904 and a 52 week high of $16.4338. The stock’s 50-day moving average is $5.83 and its 200-day moving average is $5.95. The company has a market cap of $82.7 million and a P/E ratio of 19.14.

Trade Street Residential, Inc, is a full service, vertically integrated, self-administered and self-managed corporation focused on acquiring, owning, operating and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets primarily in the southeastern United States, including Texas.

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