B. Riley Equities Analysts Boost Earnings Estimates for BRT Apartments Corp (BRT)

BRT Apartments Corp (NYSE:BRT) – Research analysts at B. Riley lifted their Q3 2018 EPS estimates for shares of BRT Apartments in a report released on Tuesday. B. Riley analyst C. Kucera now anticipates that the financial services provider will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.21. B. Riley currently has a “Buy” rating and a $13.50 target price on the stock. B. Riley also issued estimates for BRT Apartments’ Q4 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $1.09 EPS.

Several other equities research analysts have also issued reports on BRT. TheStreet raised shares of BRT Apartments from a “d+” rating to a “c-” rating in a report on Tuesday, September 26th. Janney Montgomery Scott began coverage on shares of BRT Apartments in a research report on Friday, September 29th. They set a “neutral” rating and a $10.50 price target on the stock. Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, December 19th. Finally, FBR & Co initiated coverage on shares of BRT Apartments in a research report on Thursday, October 26th. They set a “buy” rating and a $11.75 target price on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. BRT Apartments currently has an average rating of “Buy” and a consensus price target of $12.19.

Shares of BRT Apartments (NYSE:BRT) traded down $0.13 during mid-day trading on Wednesday, reaching $13.05. 49,500 shares of the company were exchanged, compared to its average volume of 67,387. BRT Apartments has a fifty-two week low of $7.36 and a fifty-two week high of $13.19. The company has a market capitalization of $183.69, a price-to-earnings ratio of 13.32 and a beta of 0.22. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.08 and a quick ratio of 1.08.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Thursday, December 21st. BRT Apartments’s payout ratio is presently 73.47%.

Institutional investors have recently made changes to their positions in the business. Stifel Financial Corp acquired a new stake in BRT Apartments during the 3rd quarter valued at $108,000. Northern Trust Corp increased its position in shares of BRT Apartments by 2.2% in the second quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,200 shares during the period. B. Riley Financial Inc. increased its position in shares of BRT Apartments by 6.2% in the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 5,119 shares during the period. Finally, Oppenheimer & Close LLC increased its position in shares of BRT Apartments by 38.4% in the third quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after purchasing an additional 71,924 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

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About BRT Apartments

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.

Earnings History and Estimates for BRT Apartments (NYSE:BRT)

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