B. Riley Analysts Cut Earnings Estimates for BRT Apartments Corp (BRT)

BRT Apartments Corp (NYSE:BRT) – Investment analysts at B. Riley reduced their Q2 2018 earnings estimates for shares of BRT Apartments in a note issued to investors on Tuesday, according to Zacks Investment Research. B. Riley analyst C. Kucera now expects that the financial services provider will post earnings per share of $0.19 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.

BRT has been the topic of a number of other reports. Zacks Investment Research raised BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, December 19th. FBR & Co started coverage on BRT Apartments in a report on Thursday, October 26th. They set a “buy” rating and a $11.75 price target on the stock. Finally, ValuEngine raised BRT Apartments from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. BRT Apartments presently has an average rating of “Buy” and an average price target of $12.19.

Shares of BRT Apartments (NYSE:BRT) traded down $1.09 on Thursday, hitting $11.88. The stock had a trading volume of 151,326 shares, compared to its average volume of 74,131. The firm has a market capitalization of $166.58, a price-to-earnings ratio of 14.49 and a beta of 0.35. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.08 and a quick ratio of 1.08. BRT Apartments has a 52 week low of $7.36 and a 52 week high of $13.99.

BRT Apartments (NYSE:BRT) last issued its earnings results on Thursday, December 14th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.22. The firm had revenue of $28.39 million for the quarter, compared to analyst estimates of $26.99 million. BRT Apartments had a return on equity of 6.00% and a net margin of 12.86%.

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 dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.72 annualized dividend and a yield of 6.06%. BRT Apartments’s dividend payout ratio is currently 73.47%.

Hedge funds have recently made changes to their positions in the stock. B. Riley Financial Inc. boosted its stake in BRT Apartments by 6.2% during the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after buying an additional 5,119 shares in the last quarter. Oppenheimer & Close LLC boosted its stake in BRT Apartments by 38.4% during the third quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after buying an additional 71,924 shares in the last quarter. Stifel Financial Corp bought a new position in BRT Apartments during the third quarter valued at about $108,000. Finally, Northern Trust Corp boosted its stake in BRT Apartments by 2.2% during the second quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after buying an additional 1,200 shares in the last quarter. 21.99% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for BRT Apartments (NYSE:BRT)

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