Brokerages Expect BRT Apartments Corp (BRT) Will Announce Earnings of $0.21 Per Share

Wall Street analysts expect that BRT Apartments Corp (NYSE:BRT) will post $0.21 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for BRT Apartments’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. BRT Apartments reported earnings per share of $1.13 during the same quarter last year, which would suggest a negative year-over-year growth rate of 81.4%. The company is expected to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that BRT Apartments will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.84 to $0.86. For the next fiscal year, analysts anticipate that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.96 to $1.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow BRT Apartments.

Several research firms have commented on BRT. Zacks Investment Research raised BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, December 19th. B. Riley reaffirmed a “buy” rating and set a $12.50 price objective on shares of BRT Apartments in a research note on Tuesday, December 19th. FBR & Co began coverage on BRT Apartments in a research note on Thursday, October 26th. They set a “buy” rating and a $11.75 price objective for the company. TheStreet raised BRT Apartments from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. Finally, Janney Montgomery Scott began coverage on BRT Apartments in a research note on Friday, September 29th. They set a “neutral” rating and a $10.50 price objective for the company. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.94.

Shares of BRT Apartments (NYSE BRT) traded up $0.04 during midday trading on Monday, hitting $11.34. The company had a trading volume of 22,100 shares, compared to its average volume of 10,927. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.10. The firm has a market cap of $159.61, a PE ratio of 11.57 and a beta of 0.22. BRT Apartments has a 1 year low of $7.36 and a 1 year high of $11.39.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend is Thursday, December 21st. BRT Apartments’s dividend payout ratio is presently 73.47%.

BRT Apartments announced that its board has approved a stock buyback plan on Tuesday, September 12th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the financial services provider to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its stake in BRT Apartments by 2.2% during the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,200 shares during the last quarter. B. Riley Financial Inc. raised its stake in shares of BRT Apartments by 6.2% during the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after buying an additional 5,119 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of BRT Apartments during the 3rd quarter worth approximately $108,000. Finally, Oppenheimer & Close LLC raised its stake in shares of BRT Apartments by 38.4% during the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after buying an additional 71,924 shares in the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.

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