Wall Street brokerages expect BRT Realty Trust (NYSE:BRT) to post $26.99 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for BRT Realty Trust’s earnings, with the highest sales estimate coming in at $27.36 million and the lowest estimate coming in at $26.62 million. BRT Realty Trust reported sales of $24.76 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is expected to report its next quarterly earnings report on Tuesday, December 12th.

According to Zacks, analysts expect that BRT Realty Trust will report full-year sales of $26.99 million for the current year, with estimates ranging from $104.00 million to $104.75 million. For the next fiscal year, analysts anticipate that the business will report sales of $112.30 million per share, with estimates ranging from $106.87 million to $117.72 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow BRT Realty Trust.

BRT has been the topic of a number of research reports. B. Riley restated a “buy” rating on shares of BRT Realty Trust in a research note on Wednesday, November 1st. FBR & Co started coverage on BRT Realty Trust in a research report on Thursday, October 26th. They set a “buy” rating and a $11.75 target price on the stock. TheStreet upgraded BRT Realty Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, September 26th. Finally, Janney Montgomery Scott started coverage on BRT Realty Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $10.50 target price on the stock.

BRT Realty Trust (BRT) opened at $11.14 on Friday. The stock has a market capitalization of $155.82, a price-to-earnings ratio of 16.65 and a beta of 0.22. BRT Realty Trust has a 52 week low of $7.36 and a 52 week high of $11.14. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 3.11.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.72 annualized dividend and a yield of 6.46%. BRT Realty Trust’s dividend payout ratio (DPR) is presently 90.00%.

BRT Realty Trust declared that its board has authorized a stock buyback plan on Tuesday, September 12th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp purchased a new position in BRT Realty Trust during the third quarter valued at $108,000. Northern Trust Corp lifted its position in BRT Realty Trust by 2.2% during the second quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,200 shares in the last quarter. B. Riley Financial Inc. lifted its position in BRT Realty Trust by 6.2% during the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 5,119 shares in the last quarter. Finally, Oppenheimer & Close LLC raised its holdings in BRT Realty Trust by 38.4% during the third quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after acquiring an additional 71,924 shares during the period. Institutional investors own 22.06% of the company’s stock.

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About BRT Realty Trust

BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.

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