BRT Apartments Corp (NYSE:BRT) – Analysts at B. Riley decreased their Q2 2018 EPS estimates for BRT Apartments in a research note issued to investors on Tuesday, Zacks Investment Research reports. B. Riley analyst C. Kucera now anticipates that the financial services provider will earn $0.19 per share for the quarter, down from their previous forecast of $0.21. B. Riley currently has a “Buy” rating and a $13.50 target price on the stock.
A number of other brokerages have also recently commented on BRT. Zacks Investment Research upgraded BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, December 19th. FBR & Co started coverage on BRT Apartments in a research report on Thursday, October 26th. They issued a “buy” rating and a $11.75 price target on the stock. Janney Montgomery Scott started coverage on BRT Apartments in a research report on Friday, September 29th. They issued a “neutral” rating and a $10.50 price target on the stock. Finally, TheStreet upgraded BRT Apartments from a “d+” rating to a “c-” rating in a research report on Tuesday, September 26th. One investment 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 an average rating of “Buy” and an average target price of $12.19.
Shares of BRT Apartments (NYSE BRT) traded up $0.12 during midday trading on Thursday, hitting $13.43. The company had a trading volume of 43,696 shares, compared to its average volume of 61,092. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.10. BRT Apartments has a 52 week low of $7.36 and a 52 week high of $13.43. The company has a market capitalization of $186.64, a PE ratio of 13.70 and a beta of 0.22.
BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Thursday, December 14th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.22. BRT Apartments had a return on equity of 6.00% and a net margin of 12.86%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp grew its position in 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 acquiring an additional 1,200 shares during the last quarter. B. Riley Financial Inc. grew its position in 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 acquiring an additional 5,119 shares during the last quarter. Stifel Financial Corp bought a new position in BRT Apartments in the third quarter valued at about $108,000. Finally, Oppenheimer & Close LLC grew its position in 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 acquiring an additional 71,924 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Thursday, December 21st. BRT Apartments’s payout ratio is currently 73.47%.
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About BRT Apartments
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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