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Trade Street Residential (NASDAQ:TSRE) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $7.10 price objective on the stock. Zacks‘s price target would indicate a potential upside of 1.87% from the company’s current price.

Shares of Trade Street Residential (NASDAQ:TSRE) traded down 1.29% during mid-day trading on Tuesday, hitting $6.88. The stock had a trading volume of 14,647 shares. Trade Street Residential has a 52-week low of $4.9712 and a 52-week high of $8.50. The stock has a 50-day moving average of $7.18 and a 200-day moving average of $7.42. The company’s market cap is $252.7 million.

Trade Street Residential (NASDAQ:TSRE) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.02. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Analysts expect that Trade Street Residential will post $0.29 EPS for the current fiscal year.

Separately, 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Trade Street Residential currently has a consensus rating of “Buy” and an average target price of $8.03.

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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