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Equities research analysts at Ladenburg Thalmann lowered their price objective on shares of Trade Street Residential (NASDAQ:TSRE) from $10.00 to $9.00 in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports. Ladenburg Thalmann’s price target suggests a potential upside of 14.07% from the company’s current price.

Trade Street Residential (NASDAQ:TSRE) traded down 0.79% during mid-day trading on Tuesday, hitting $7.8275. The stock had a trading volume of 12,481 shares. Trade Street Residential has a one year low of $4.9712 and a one year high of $16.4338. The stock has a 50-day moving average of $6.15 and a 200-day moving average of $5.95. The company has a market cap of $89.8 million and a price-to-earnings ratio of 21.86.

In other Trade Street Residential news, Director Mack D. Pridgen III acquired 25,483 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average cost of $6.33 per share, with a total value of $161,307.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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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