BRT Apartments Corp (NYSE:BRT) Receives $13.50 Average Target Price from Analysts

Shares of BRT Apartments Corp (NYSE:BRT) have earned a consensus rating of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.50.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of BRT Apartments from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. DA Davidson reaffirmed a “buy” rating on shares of BRT Apartments in a research report on Monday, July 29th. Finally, National Securities assumed coverage on shares of BRT Apartments in a research report on Wednesday, July 24th. They issued a “buy” rating on the stock.

BRT Apartments stock traded up $0.03 during mid-day trading on Friday, reaching $14.34. 3,084 shares of the company’s stock were exchanged, compared to its average volume of 16,247. The company has a market cap of $228.01 million, a P/E ratio of 14.78 and a beta of 0.73. BRT Apartments has a twelve month low of $10.91 and a twelve month high of $14.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.22. The company has a fifty day moving average of $13.67 and a 200-day moving average of $13.56.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.48). BRT Apartments had a negative net margin of 2.84% and a negative return on equity of 1.25%. The firm had revenue of $33.12 million during the quarter, compared to analyst estimates of $32.27 million. Equities research analysts expect that BRT Apartments will post 0.84 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of BRT. BNP Paribas Arbitrage SA lifted its stake in shares of BRT Apartments by 534.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,137 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,800 shares during the period. LSV Asset Management raised its position in shares of BRT Apartments by 18.7% in the first quarter. LSV Asset Management now owns 7,119 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,119 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BRT Apartments in the first quarter valued at approximately $141,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of BRT Apartments in the second quarter valued at approximately $144,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of BRT Apartments in the first quarter valued at approximately $168,000. 31.52% of the stock is currently owned by institutional investors.

About BRT Apartments

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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