BRT Apartments Corp (NYSE:BRT) – Equities researchers at B. Riley increased their Q3 2018 EPS estimates for BRT Apartments in a note issued to investors on Tuesday. B. Riley analyst C. Kucera now expects that the financial services provider will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.21. B. Riley has a “Buy” rating and a $13.50 price objective on the stock. B. Riley also issued estimates for BRT Apartments’ 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 brokerages have also commented on BRT. Zacks Investment Research upgraded BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, December 19th. TheStreet upgraded BRT Apartments from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. Janney Montgomery Scott assumed coverage on BRT Apartments in a research note on Friday, September 29th. They issued a “neutral” rating and a $10.50 target price for the company. Finally, FBR & Co assumed coverage on BRT Apartments in a research note on Thursday, October 26th. They issued a “buy” rating and a $11.75 target price for the company. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. BRT Apartments currently has a consensus rating of “Buy” and a consensus target price of $12.19.
Shares of BRT Apartments (NYSE:BRT) traded up $0.08 during midday trading on Wednesday, hitting $13.18. The company had a trading volume of 68,600 shares, compared to its average volume of 69,943. 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 has a market capitalization of $183.69, a price-to-earnings ratio of 13.45 and a beta of 0.22. BRT Apartments has a twelve month low of $7.36 and a twelve month high of $13.18.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.46%. BRT Apartments’s payout ratio is 73.47%.
Several hedge funds and other institutional investors have recently modified their holdings of BRT. Northern Trust Corp raised its stake in shares of BRT Apartments by 2.2% in the second quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,200 shares in the last quarter. Oppenheimer & Close LLC raised its stake in shares of BRT Apartments by 38.4% in the third quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after purchasing an additional 71,924 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of BRT Apartments in the third quarter valued at $108,000. Finally, B. Riley Financial Inc. raised its stake in shares of BRT Apartments by 6.2% in the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 5,119 shares in the last quarter. Institutional investors and hedge funds 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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