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Trade Street Residential (NASDAQ:TSRE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $6.90 price target on the stock. Zacks‘s target price indicates a potential downside of 5.61% from the company’s current price.

Trade Street Residential (NASDAQ:TSRE) traded down 0.82% during mid-day trading on Monday, hitting $7.25. The stock had a trading volume of 102,088 shares. Trade Street Residential has a one year low of $4.9712 and a one year high of $8.50. The stock’s 50-day moving average is $7.6 and its 200-day moving average is $7.28. The company’s market cap is $265.2 million.

Trade Street Residential (NASDAQ:TSRE) last announced its earnings results on Wednesday, May 7th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.07. On average, analysts predict that Trade Street Residential will post $0.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, June 26th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Ladenburg Thalmann raised their price target on shares of Trade Street Residential from $8.50 to $8.75 in a research note on Thursday, June 19th. 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.98.

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.

To view Zacks’ full report, visit Zacks’ official website.

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