Wall Street brokerages expect that BRT Realty Trust (NYSE:BRT) will post $28.87 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for BRT Realty Trust’s earnings. The highest sales estimate is $28.89 million and the lowest is $28.85 million. BRT Realty Trust posted sales of $24.88 million during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The company is expected to announce its next earnings results on Wednesday, May 9th.
On average, analysts expect that BRT Realty Trust will report full year sales of $28.87 million for the current financial year, with estimates ranging from $116.14 million to $117.65 million. For the next year, analysts anticipate that the business will report sales of $121.69 million per share, with estimates ranging from $121.30 million to $122.07 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover BRT Realty Trust.
BRT Realty Trust (NYSE:BRT) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.24. The company had revenue of $28.35 million during the quarter, compared to analysts’ expectations of $27.94 million. BRT Realty Trust had a return on equity of 1.80% and a net margin of 3.85%.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded BRT Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $13.50 target price (up from $12.50) on shares of BRT Realty Trust in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded BRT Realty Trust from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $12.31.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fusion Family Wealth LLC purchased a new stake in BRT Realty Trust in the 4th quarter worth approximately $850,000. Monashee Investment Management LLC purchased a new stake in BRT Realty Trust in the 4th quarter worth approximately $170,000. Stifel Financial Corp purchased a new stake in BRT Realty Trust in the 3rd quarter worth approximately $108,000. Northern Trust Corp lifted its holdings in BRT Realty Trust by 2.2% in the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock worth $429,000 after buying an additional 1,200 shares during the period. Finally, Deutsche Bank AG lifted its holdings in BRT Realty Trust 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 buying an additional 18,494 shares during the period. Institutional investors and hedge funds own 20.85% of the company’s stock.
Shares of BRT stock opened at $11.98 on Friday. The stock has a market cap of $169.49, a P/E ratio of 17.85 and a beta of 0.48. BRT Realty Trust has a 1-year low of $7.36 and a 1-year high of $13.99. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.33 and a quick ratio of 1.33.
The business also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Tuesday, March 27th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 26th. This is a boost from BRT Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 6.68%. BRT Realty Trust’s dividend payout ratio is currently 119.40%.
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About BRT Realty Trust
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2017 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website at: http://brtapartments.com/investor_relations for further details.
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