BRT Apartments (BRT) Sets New 12-Month High at $14.28

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BRT Apartments Corp (NYSE:BRT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.28 and last traded at $14.23, with a volume of 20 shares traded. The stock had previously closed at $14.20.

Several brokerages have recently weighed in on BRT. B. Riley reaffirmed a “buy” rating on shares of BRT Apartments in a research note on Tuesday, January 15th. Compass Point began coverage on BRT Apartments in a research note on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 target price for the company. Zacks Investment Research raised BRT Apartments from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Finally, DA Davidson began coverage on BRT Apartments in a research note on Thursday, March 28th. They set a “buy” rating and a $16.00 target price for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BRT Apartments presently has an average rating of “Buy” and a consensus target price of $15.38.

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $227.04 million, a price-to-earnings ratio of 14.74 and a beta of 0.59.

Several hedge funds have recently made changes to their positions in BRT. Bank of New York Mellon Corp raised its stake in shares of BRT Apartments by 16.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock worth $1,318,000 after buying an additional 15,609 shares during the period. Martingale Asset Management L P raised its stake in shares of BRT Apartments by 47.9% during the 3rd quarter. Martingale Asset Management L P now owns 44,120 shares of the financial services provider’s stock worth $532,000 after buying an additional 14,293 shares during the period. BlackRock Inc. raised its stake in shares of BRT Apartments by 1.7% during the 3rd quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock worth $9,787,000 after buying an additional 13,446 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of BRT Apartments by 96.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 25,694 shares of the financial services provider’s stock worth $309,000 after buying an additional 12,607 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of BRT Apartments by 144.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 30,952 shares of the financial services provider’s stock worth $373,000 after buying an additional 18,286 shares during the period. 30.65% of the stock is owned by institutional investors and hedge funds.

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BRT Apartments Company Profile (NYSE:BRT)

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.

See Also: What is a Buy-Side Analyst?

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