BRT Apartments Corp (BRT) Receives $14.75 Average Target Price from Brokerages

BRT Apartments Corp (NYSE:BRT) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.75.

BRT has been the topic of a number of research reports. B. Riley restated a “buy” rating on shares of BRT Apartments in a research note on Tuesday, January 15th. Compass Point initiated coverage on BRT Apartments in a research note on Tuesday, January 22nd. They issued a “neutral” rating and a $13.50 price target on the stock. Finally, Zacks Investment Research downgraded BRT Apartments from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th.

Shares of BRT stock traded down $0.07 on Friday, reaching $13.30. The stock had a trading volume of 21,565 shares, compared to its average volume of 18,094. The company has a market cap of $211.60 million, a P/E ratio of 13.71 and a beta of 0.56. BRT Apartments has a 1 year low of $10.20 and a 1 year high of $14.20. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.85 and a quick ratio of 1.85.

BRT Apartments (NYSE:BRT) last released its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.63. The firm had revenue of $31.44 million for the quarter, compared to the consensus estimate of $31.61 million. BRT Apartments had a return on equity of 8.64% and a net margin of 20.77%. As a group, analysts expect that BRT Apartments will post 0.83 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in BRT Apartments during the fourth quarter valued at $32,000. LSV Asset Management purchased a new position in BRT Apartments during the fourth quarter valued at $68,000. Hancock Whitney Corp purchased a new position in BRT Apartments during the fourth quarter valued at $151,000. First Trust Advisors LP purchased a new position in BRT Apartments during the third quarter valued at $183,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in BRT Apartments during the second quarter valued at $197,000. Institutional investors own 31.39% of the company’s stock.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-K filed with the Securities and Exchange Commission for the year ended September 30, 2018 for further details. The Form 10-K can also be linked through the “Investor Relations” section of BRT's website.

Recommended Story: Why is insider trading harmful?

Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit