$0.22 EPS Expected for BRT Apartments Corp (BRT) This Quarter

Brokerages expect that BRT Apartments Corp (NYSE:BRT) will report earnings per share (EPS) of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for BRT Apartments’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. BRT Apartments reported earnings per share of $0.24 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.3%. The business is expected to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that BRT Apartments will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.85. For the next year, analysts anticipate that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.89 to $0.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for BRT Apartments.

BRT has been the topic of several analyst reports. Compass Point initiated coverage on BRT Apartments in a research note on Tuesday, January 22nd. They issued a “neutral” rating and a $13.50 target price on the stock. DA Davidson initiated coverage on BRT Apartments in a research note on Thursday, March 28th. They issued a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Finally, B. Riley reiterated a “buy” rating on shares of BRT Apartments in a research note on Tuesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.38.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in shares of BRT Apartments by 534.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,137 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,800 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of BRT Apartments in the 4th quarter valued at approximately $32,000. JPMorgan Chase & Co. grew its stake in shares of BRT Apartments by 79.4% in the 1st quarter. JPMorgan Chase & Co. now owns 4,137 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,831 shares during the last quarter. LSV Asset Management purchased a new stake in shares of BRT Apartments in the fourth quarter valued at approximately $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of BRT Apartments in the first quarter valued at approximately $141,000. Institutional investors own 30.65% of the company’s stock.

BRT traded up $0.10 during trading on Wednesday, hitting $14.30. 14,549 shares of the stock were exchanged, compared to its average volume of 24,171. The firm has a market cap of $227.04 million, a price-to-earnings ratio of 14.74 and a beta of 0.59. BRT Apartments has a 1-year low of $10.91 and a 1-year high of $14.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.96.

BRT Apartments Company Profile

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.

Featured Story: How Do Mutual Funds Work?

Get a free copy of the Zacks research report on BRT Apartments (BRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.