BRT Apartments Corp (NYSE:BRT) – B. Riley lowered their Q2 2018 EPS estimates for shares of BRT Apartments in a research note issued on Friday. B. Riley analyst C. Kucera now expects that the financial services provider will earn $0.17 per share for the quarter, down from their prior estimate of $0.19. B. Riley has a “Buy” rating and a $14.00 price objective on the stock.
BRT has been the subject of a number of other reports. Zacks Investment Research upgraded BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, December 19th. FBR & Co initiated coverage on BRT Apartments in a report on Thursday, October 26th. They issued a “buy” rating and a $11.75 price objective for the company. Finally, ValuEngine upgraded BRT Apartments from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.31.
BRT Apartments (NYSE:BRT) last posted its earnings results on Thursday, December 14th. The financial services provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.22. BRT Apartments had a return on equity of 1.80% and a net margin of 3.85%. The business had revenue of $28.39 million during the quarter, compared to analysts’ expectations of $26.99 million.
Several institutional investors and hedge funds have recently bought and sold shares of BRT. Northern Trust Corp boosted its holdings in shares of 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 purchasing an additional 1,200 shares in the last quarter. Oppenheimer & Close LLC boosted its holdings in shares of 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 purchasing an additional 71,924 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of BRT Apartments in the 3rd quarter worth about $108,000. B. Riley Financial Inc. boosted its holdings in shares of 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 purchasing an additional 5,119 shares in the last quarter. Finally, Fusion Family Wealth LLC purchased a new position in shares of BRT Apartments in the 4th quarter worth about $850,000. Hedge funds and other institutional investors own 20.87% 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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