BRT Apartments (NYSE:BRT) Receives New Coverage from Analysts at DA Davidson

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.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.63. The business had revenue of $31.44 million for the quarter, compared to analysts’ expectations of $31.61 million. BRT Apartments had a return on equity of 8.64% and a net margin of 20.77%. Sell-side analysts anticipate that BRT Apartments will post 0.81 EPS for the current fiscal year.

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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