BRT Apartments Corp (NYSE:BRT) – Equities research analysts at B. Riley cut their Q2 2018 EPS estimates for BRT Apartments in a note issued to investors on Tuesday. B. Riley analyst C. Kucera now anticipates that the financial services provider will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.21. B. Riley currently has a “Buy” rating and a $13.50 price target on the stock.
Other analysts have also issued reports about the company. Zacks Investment Research upgraded BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, December 19th. FBR & Co initiated coverage on BRT Apartments in a research note on Thursday, October 26th. They set a “buy” rating and a $11.75 price objective on the stock. TheStreet upgraded BRT Apartments from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. Finally, Janney Montgomery Scott initiated coverage on BRT Apartments in a research note on Friday, September 29th. They set a “neutral” rating and a $10.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BRT Apartments has an average rating of “Buy” and a consensus target price of $12.19.
Shares of BRT Apartments (BRT) traded down $0.13 on Thursday, hitting $13.05. The company’s stock had a trading volume of 49,500 shares, compared to its average volume of 67,387. The company has a market capitalization of $183.69, a price-to-earnings ratio of 13.32 and a beta of 0.22. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.08 and a current ratio of 1.08. BRT Apartments has a 52-week low of $7.36 and a 52-week high of $13.19.
Several large investors have recently added to or reduced their stakes in BRT. Northern Trust Corp raised its stake in shares of BRT Apartments by 2.2% during the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,200 shares during the period. Oppenheimer & Close LLC raised its stake in shares of BRT Apartments by 38.4% during the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after purchasing an additional 71,924 shares during the period. Stifel Financial Corp bought a new stake in shares of BRT Apartments during the 3rd quarter valued at $108,000. Finally, B. Riley Financial Inc. raised its stake in shares of BRT Apartments by 6.2% during the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 5,119 shares during the period. Institutional investors own 22.06% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.52%. BRT Apartments’s payout ratio is 73.47%.
ILLEGAL ACTIVITY WARNING: “Q2 2018 EPS Estimates for BRT Apartments Corp (BRT) Reduced by B. Riley” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://ledgergazette.com/2018/01/12/q2-2018-eps-estimates-for-brt-apartments-corp-brt-reduced-by-b-riley.html.
About BRT Apartments
BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.
Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.