Zacks: BRT Realty Trust (BRT) Given Average Recommendation of “Buy” by Analysts

Shares of BRT Realty Trust (NYSE:BRT) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1 year consensus price target of $11.13 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given BRT Realty Trust an industry rank of 195 out of 265 based on the ratings given to its competitors.

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

Shares of BRT Realty Trust (NYSE:BRT) opened at $11.20 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 3.11. BRT Realty Trust has a 52-week low of $7.36 and a 52-week high of $11.20. The company has a market capitalization of $156.80, a PE ratio of 16.94 and a beta of 0.22.

BRT Realty Trust announced that its Board of Directors has authorized a share buyback plan on Tuesday, September 12th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, December 21st. BRT Realty Trust’s dividend payout ratio is presently 90.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp purchased a new stake in shares of BRT Realty Trust during the 3rd quarter worth approximately $108,000. Northern Trust Corp boosted its stake in shares of BRT Realty Trust by 2.2% during the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,200 shares in the last quarter. B. Riley Financial Inc. boosted its stake in shares of BRT Realty Trust by 6.2% during the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 5,119 shares in the last quarter. Finally, Oppenheimer & Close LLC boosted its stake in shares of BRT Realty Trust by 38.4% during the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after acquiring an additional 71,924 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors.

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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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