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.
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