BRT Apartments (BRT) Raised to “Buy” at ValuEngine

BRT Apartments (NYSE:BRT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts also recently issued reports on BRT. B. Riley reiterated a “buy” rating and issued a $13.50 price objective (up previously from $12.50) on shares of BRT Apartments in a report on Tuesday, January 9th. 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. Finally, FBR & Co started 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $12.19.

BRT Apartments (BRT) opened at $12.97 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $181.87, a P/E ratio of 13.23 and a beta of 0.22. BRT Apartments has a twelve month low of $7.36 and a twelve month high of $13.99.

BRT Apartments (NYSE:BRT) last announced its earnings results on Thursday, December 14th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.22. The company had revenue of $28.39 million during the quarter, compared to the consensus estimate of $26.99 million. BRT Apartments had a return on equity of 6.00% and a net margin of 12.86%. research analysts expect that BRT Apartments will post 0.85 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new stake in shares of BRT Apartments in the third quarter worth $108,000. Northern Trust Corp grew 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 worth $429,000 after acquiring an additional 1,200 shares during the last quarter. B. Riley Financial Inc. grew 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 worth $939,000 after acquiring an additional 5,119 shares during the last quarter. Finally, Oppenheimer & Close LLC grew 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 worth $2,777,000 after acquiring an additional 71,924 shares during the last quarter. 21.99% of the stock is currently owned by hedge funds and other institutional investors.

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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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