Analysts expect that BRT Realty Trust (NYSE:BRT) will report $0.17 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for BRT Realty Trust’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.14. BRT Realty Trust posted earnings per share of $0.21 during the same quarter last year, which indicates a negative year over year growth rate of 19%. The company is scheduled to issue its next earnings results on Tuesday, December 12th.
According to Zacks, analysts expect that BRT Realty Trust will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.64. For the next financial year, analysts anticipate that the business will report earnings of $0.76 per share, with EPS estimates ranging from $0.71 to $0.81. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for BRT Realty Trust.
A number of research firms recently issued reports on BRT. TheStreet raised BRT Realty Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating on shares of BRT Realty Trust in a research note on Wednesday, November 1st. Janney Montgomery Scott initiated coverage on BRT Realty Trust in a research note on Friday, September 29th. They issued a “neutral” rating and a $10.50 target price on the stock. Finally, FBR & Co initiated coverage on BRT Realty Trust in a report on Thursday, October 26th. They issued a “buy” rating and a $11.75 price target for the company.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.72 annualized dividend and a yield of 6.48%. BRT Realty Trust’s dividend payout ratio (DPR) is presently 90.00%.
BRT Realty Trust declared that its Board of Directors has authorized a stock buyback plan on Tuesday, September 12th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp acquired a new position in BRT Realty Trust in the 3rd quarter valued at $108,000. Northern Trust Corp raised its holdings in BRT Realty Trust by 2.2% in the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,200 shares during the last quarter. B. Riley Financial Inc. raised its holdings in BRT Realty Trust by 6.2% in the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after acquiring an additional 5,119 shares during the last quarter. Finally, Oppenheimer & Close LLC raised its holdings in BRT Realty Trust by 38.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after acquiring an additional 71,924 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.
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About BRT Realty Trust
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.
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