Equities analysts expect BRT Apartments Corp (NYSE:BRT) to post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BRT Apartments’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.20. BRT Apartments posted earnings per share of $0.22 in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 6th.
On average, analysts expect that BRT Apartments will report full-year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.75. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $0.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow BRT Apartments.
BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). BRT Apartments had a net margin of 2.15% and a return on equity of 0.99%. The firm had revenue of $34.04 million during the quarter, compared to analysts’ expectations of $32.66 million.
Separately, Zacks Investment Research downgraded BRT Apartments from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.17.
A number of hedge funds have recently made changes to their positions in BRT. Nisa Investment Advisors LLC grew its position in shares of BRT Apartments by 49.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 669 shares during the period. Albert D Mason Inc. increased its stake in shares of BRT Apartments by 0.8% during the 3rd quarter. Albert D Mason Inc. now owns 114,280 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 900 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of BRT Apartments by 4.7% in the 2nd quarter. Wells Fargo & Company MN now owns 21,807 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 971 shares during the period. First Manhattan Co. raised its holdings in shares of BRT Apartments by 0.6% in the 2nd quarter. First Manhattan Co. now owns 207,927 shares of the financial services provider’s stock worth $2,938,000 after purchasing an additional 1,300 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in BRT Apartments by 8.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 24,100 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 1,897 shares during the last quarter. 31.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of BRT stock traded up $0.14 during trading on Friday, hitting $18.39. The company’s stock had a trading volume of 39,267 shares, compared to its average volume of 26,888. The company has a market cap of $295.27 million, a PE ratio of 18.96 and a beta of 0.82. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.22. The business has a fifty day moving average of $17.18 and a 200-day moving average of $14.70. BRT Apartments has a 52 week low of $10.91 and a 52 week high of $18.75.
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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