BRT Apartments (BRT) Stock Rating Reaffirmed by B. Riley

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.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Thursday, December 21st. BRT Apartments’s payout ratio is 73.47%.

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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