BRT Apartments (NYSE:BRT – Get Free Report)‘s stock had its “market outperform” rating restated by research analysts at Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $20.00 target price on the financial services provider’s stock. Citizens Jmp’s price objective indicates a potential upside of 37.74% from the company’s current price.
A number of other brokerages have also weighed in on BRT. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a research note on Thursday. Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised shares of BRT Apartments to a “hold” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.75.
Read Our Latest Stock Report on BRT
BRT Apartments Price Performance
BRT Apartments (NYSE:BRT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%.The business had revenue of $24.47 million for the quarter, compared to analyst estimates of $24.36 million. Research analysts expect that BRT Apartments will post 1.5 earnings per share for the current year.
Institutional Investors Weigh In On BRT Apartments
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of BRT Apartments by 725.9% during the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,539 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of BRT Apartments by 1,171.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,910 shares during the last quarter. Strs Ohio acquired a new stake in shares of BRT Apartments in the 1st quarter valued at about $39,000. Finally, BNP Paribas Financial Markets increased its position in BRT Apartments by 388.9% during the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after buying an additional 2,497 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.
BRT Apartments Company Profile
BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.
Established in 2013, BRT Apartments Corp.
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