Shares of BRT Apartments Corp (NYSE:BRT) have been assigned an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $13.50.
Several analysts recently issued reports on BRT shares. National Securities started coverage on BRT Apartments in a report on Wednesday, July 24th. They set a “buy” rating on the stock. DA Davidson reiterated a “buy” rating on shares of BRT Apartments in a report on Monday, July 29th. Finally, Zacks Investment Research lowered BRT Apartments from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in BRT Apartments by 2.4% during the second quarter. BlackRock Inc. now owns 913,362 shares of the financial services provider’s stock worth $12,907,000 after acquiring an additional 21,067 shares in the last quarter. Renaissance Technologies LLC raised its holdings in BRT Apartments by 1.5% during the second quarter. Renaissance Technologies LLC now owns 574,042 shares of the financial services provider’s stock worth $8,111,000 after acquiring an additional 8,568 shares in the last quarter. Vanguard Group Inc. raised its holdings in BRT Apartments by 8.9% during the second quarter. Vanguard Group Inc. now owns 467,359 shares of the financial services provider’s stock worth $6,604,000 after acquiring an additional 38,256 shares in the last quarter. Geode Capital Management LLC raised its holdings in BRT Apartments by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 259,746 shares of the financial services provider’s stock worth $2,971,000 after acquiring an additional 5,749 shares in the last quarter. Finally, First Manhattan Co. raised its holdings in BRT Apartments by 0.6% during the second quarter. First Manhattan Co. now owns 207,927 shares of the financial services provider’s stock worth $2,938,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 31.52% of the company’s stock.
BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.48). The firm had revenue of $33.12 million for the quarter, compared to analyst estimates of $32.27 million. BRT Apartments had a negative return on equity of 1.25% and a negative net margin of 2.84%. Equities analysts expect that BRT Apartments will post 0.84 EPS for the current year.
About BRT Apartments
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.
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