B. Riley restated their buy rating on shares of BRT Apartments (NYSE:BRT) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a $13.50 price target on the financial services provider’s stock, up from their prior price target of $12.50. B. Riley also issued estimates for BRT Apartments’ Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.23 EPS, 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.
A number of other equities research analysts have also recently commented on BRT. Janney Montgomery Scott started coverage on BRT Apartments in a research note on Friday, September 29th. They set a neutral rating and a $10.50 target price on the stock. TheStreet upgraded BRT Apartments from a d+ rating to a c- rating in a research note on Tuesday, September 26th. FBR & Co started coverage on BRT Apartments in a research note on Thursday, October 26th. They set a buy rating and a $11.75 target price on the stock. Finally, Zacks Investment Research upgraded BRT Apartments from a hold rating to a buy rating and set a $13.00 target price on the stock in a research note on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $12.19.
BRT Apartments (NYSE:BRT) traded up $0.01 during midday trading on Tuesday, hitting $13.07. The stock had a trading volume of 114,347 shares, compared to its average volume of 40,154. The company has a market cap of $183.27, a PE ratio of 13.34 and a beta of 0.22. BRT Apartments has a 12 month low of $7.36 and a 12 month high of $13.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.10.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in BRT Apartments by 2.2% in the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,200 shares during the last quarter. Oppenheimer & Close LLC increased its holdings in BRT Apartments by 38.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after acquiring an additional 71,924 shares during the last quarter. Stifel Financial Corp purchased a new stake in BRT Apartments in the 3rd quarter worth about $108,000. Finally, B. Riley Financial Inc. increased its holdings in BRT Apartments by 6.2% in the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 5,119 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.
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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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