BRT Apartments Corp. (NYSE:BRT) Receives $19.75 Average Target Price from Brokerages

Shares of BRT Apartments Corp. (NYSE:BRT) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.75.

Several analysts recently issued reports on BRT shares. Citigroup reissued a “market outperform” rating on shares of BRT Apartments in a research note on Thursday, August 20th. Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Citizens Jmp reiterated a “market outperform” rating and issued a $20.00 price objective on shares of BRT Apartments in a research report on Thursday, August 20th. Zacks Research raised BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its holdings in BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 955 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of BRT Apartments by 261.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,121 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,535 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BRT Apartments by 725.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,539 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BRT Apartments by 0.6% during the second quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock valued at $4,522,000 after buying an additional 1,837 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in BRT Apartments by 1,171.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,910 shares in the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $14.15 on Thursday. The firm has a market cap of $265.88 million, a PE ratio of -20.21 and a beta of 0.83. BRT Apartments has a 12-month low of $13.18 and a 12-month high of $16.69. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.16. The company’s fifty day simple moving average is $14.68 and its two-hundred day simple moving average is $14.51.

BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. The firm had revenue of $24.47 million for the quarter, compared to analysts’ expectations of $24.36 million. BRT Apartments had a negative net margin of 13.22% and a negative return on equity of 7.46%. As a group, equities analysts expect that BRT Apartments will post 1.46 EPS for the current year.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.