Analysts at DA Davidson began coverage on shares of BRT Apartments (NYSE:BRT) in a report released on Thursday, March 28th, Marketbeat reports. The brokerage set a “buy” rating and a $16.00 price target on the financial services provider’s stock. DA Davidson’s target price suggests a potential upside of 15.27% from the stock’s current price.
Several other analysts have also weighed in on BRT. B. Riley restated a “buy” rating on shares of BRT Apartments in a report on Tuesday, January 15th. Zacks Investment Research lowered BRT Apartments from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Finally, Compass Point assumed coverage on BRT Apartments in a research note on Tuesday, January 22nd. They issued a “neutral” rating and a $13.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.38.
BRT stock traded down $0.06 during midday trading on Thursday, hitting $13.88. The company’s stock had a trading volume of 13,085 shares, compared to its average volume of 19,671. BRT Apartments has a 12 month low of $10.91 and a 12 month high of $14.20. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $220.84 million, a price-to-earnings ratio of 14.31 and a beta of 0.60.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Altfest L J & Co. Inc. bought a new position in shares of BRT Apartments during the 1st quarter worth $1,005,000. Geode Capital Management LLC grew its position in shares of BRT Apartments by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 259,746 shares of the financial services provider’s stock worth $2,971,000 after buying an additional 5,749 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BRT Apartments by 35.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,794 shares of the financial services provider’s stock worth $398,000 after buying an additional 9,100 shares in the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of BRT Apartments during the 4th quarter worth $648,000. Finally, Colony Group LLC bought a new position in shares of BRT Apartments during the 4th quarter worth $341,000. 30.64% of the stock is currently owned by institutional investors and hedge funds.
BRT Apartments 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, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.
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