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.
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 ÂInvestor RelationsÂ 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.