Equities research analysts forecast that BRT Apartments Corp (NYSE:BRT) will post sales of $28.87 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for BRT Apartments’ earnings, with the lowest sales estimate coming in at $28.85 million and the highest estimate coming in at $28.89 million. BRT Apartments reported sales of $24.88 million in the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The business is scheduled to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that BRT Apartments will report full year sales of $28.87 million for the current year, with estimates ranging from $116.14 million to $117.65 million. For the next financial year, analysts anticipate that the firm will post sales of $121.69 million per share, with estimates ranging from $121.30 million to $122.07 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for BRT Apartments.
BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Thursday, December 14th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.17 by $0.22. The business had revenue of $28.39 million for the quarter, compared to analysts’ expectations of $26.99 million. BRT Apartments had a net margin of 3.85% and a return on equity of 1.80%.
BRT has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $12.50 target price on shares of BRT Apartments in a research report on Tuesday, December 19th. Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, December 19th. Finally, ValuEngine upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.31.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Close LLC raised its position in BRT Apartments by 38.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after purchasing an additional 71,924 shares during the period. Renaissance Technologies LLC raised its position in BRT Apartments by 44.1% in the 4th quarter. Renaissance Technologies LLC now owns 198,940 shares of the financial services provider’s stock worth $2,346,000 after purchasing an additional 60,880 shares during the period. Bank of New York Mellon Corp raised its position in BRT Apartments by 151.8% in the 4th quarter. Bank of New York Mellon Corp now owns 68,206 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 41,120 shares during the period. Deutsche Bank AG raised its position in BRT Apartments by 122.9% in the 4th quarter. Deutsche Bank AG now owns 33,539 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 18,494 shares during the period. Finally, Monashee Investment Management LLC purchased a new stake in BRT Apartments in the 4th quarter worth about $170,000. Hedge funds and other institutional investors own 20.85% of the company’s stock.
Shares of BRT Apartments (NYSE:BRT) traded down $0.04 during mid-day trading on Friday, reaching $10.25. 41,289 shares of the company’s stock traded hands, compared to its average volume of 63,000. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $145.18, a PE ratio of 34.30 and a beta of 0.57. BRT Apartments has a 1-year low of $7.36 and a 1-year high of $13.99.
TRADEMARK VIOLATION WARNING: “$28.87 Million in Sales Expected for BRT Apartments Corp (BRT) This Quarter” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/03/14/28-87-million-in-sales-expected-for-brt-apartments-corp-brt-this-quarter.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.