Q2 2018 EPS Estimates for BRT Apartments Corp (BRT) Reduced by B. Riley

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%.

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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.

Earnings History and Estimates for BRT Apartments (NYSE:BRT)

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