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.
TRADEMARK VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/04/b-riley-analysts-lower-earnings-estimates-for-brt-apartments-corp-brt.html.
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.
Get a free copy of the Zacks research report on BRT Apartments (BRT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.