BRT Realty Trust (BRT) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of BRT Realty Trust (NYSE:BRT) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “BRT is a real estate investment trust. BRT’s primary business activity is to originate and hold for investment for its own account, senior real estate mortgage loans secured by income producing real property and, to a lesser extent, junior real estate mortgage loans secured by income producing real property and senior mortgage loans secured by undeveloped real property. “

A number of other brokerages have also weighed in on BRT. ValuEngine upgraded BRT Realty Trust from a hold rating to a buy rating in a research note on Friday, February 2nd. B. Riley set a $14.00 target price on BRT Realty Trust and gave the company a buy rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $12.56.

Shares of NYSE:BRT opened at $12.68 on Tuesday. BRT Realty Trust has a twelve month low of $7.36 and a twelve month high of $13.99. The firm has a market capitalization of $178.43 million, a PE ratio of 18.99 and a beta of 0.48. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.58 and a quick ratio of 2.58.

BRT Realty Trust (NYSE:BRT) last announced its earnings results on Tuesday, May 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.60. BRT Realty Trust had a return on equity of 13.38% and a net margin of 29.70%. The company had revenue of $29.65 million during the quarter, compared to analyst estimates of $28.87 million. equities analysts anticipate that BRT Realty Trust will post 1.06 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in BRT. ClariVest Asset Management LLC acquired a new stake in BRT Realty Trust in the first quarter worth about $114,000. A.R.T. Advisors LLC acquired a new stake in BRT Realty Trust in the first quarter worth about $144,000. Dimensional Fund Advisors LP acquired a new stake in BRT Realty Trust in the first quarter worth about $154,000. Monashee Investment Management LLC acquired a new stake in BRT Realty Trust in the fourth quarter worth about $170,000. Finally, Albert D Mason Inc. acquired a new stake in BRT Realty Trust in the first quarter worth about $240,000. Hedge funds and other institutional investors own 19.71% of the company’s stock.

BRT Realty Trust Company Profile

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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