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Trade Street Residential (NASDAQ:TSRE) announced a quarterly dividend on Tuesday, June 10th, American Banking News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.095 per share on Tuesday, July 15th. This represents a $0.38 annualized dividend and a dividend yield of 4.91%.

Several analysts have recently commented on the stock. Analysts at Compass Point initiated coverage on shares of Trade Street Residential in a research note on Wednesday, May 21st. They set a “buy” rating and a $8.50 price target on the stock. Analysts at Ladenburg Thalmann cut their price target on shares of Trade Street Residential from $9.00 to $8.50 in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $8.25.

Trade Street Residential (NASDAQ:TSRE) opened at 7.74 on Tuesday. Trade Street Residential has a 52 week low of $4.9712 and a 52 week high of $8.50. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $7.05. The company’s market cap is $283.1 million.

Trade Street Residential (NASDAQ:TSRE) last released its earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.07. Analysts expect that Trade Street Residential will post $0.34 EPS for the current fiscal year.

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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