BRT Apartments (NYSE:BRT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “BRT is a real estate investment trust. BRT’s primary business activity is to originate and hold for investment for its own account, senior real estate mortgage loans secured by income producing real property and, to a lesser extent, junior real estate mortgage loans secured by income producing real property and senior mortgage loans secured by undeveloped real property. “
Other equities analysts have also issued reports about the company. B. Riley reaffirmed a “buy” rating on shares of BRT Apartments in a research report on Wednesday, November 1st. ValuEngine raised BRT Apartments from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, FBR & Co assumed coverage on BRT Apartments in a research report on Thursday, October 26th. They set a “buy” rating and a $11.75 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.19.
BRT Apartments (NYSE:BRT) last issued its earnings results on Thursday, December 14th. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.22. BRT Apartments had a return on equity of 1.82% and a net margin of 3.85%. The company had revenue of $28.39 million for the quarter, compared to analyst estimates of $26.99 million. research analysts anticipate that BRT Apartments will post 0.85 EPS for the current year.
Large investors have recently modified their holdings of the company. B. Riley Financial Inc. raised its position in shares of BRT Apartments by 6.2% during the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 5,119 shares during the period. Fusion Family Wealth LLC purchased a new stake in BRT Apartments in the 4th quarter valued at $850,000. Stifel Financial Corp purchased a new stake in BRT Apartments in the 3rd quarter valued at $108,000. Oppenheimer & Close LLC raised its position in BRT Apartments by 38.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after buying an additional 71,924 shares during the last quarter. Finally, Deutsche Bank AG raised its position in BRT Apartments by 122.9% in the 4th quarter. Deutsche Bank AG now owns 33,539 shares of the financial services provider’s stock valued at $395,000 after buying an additional 18,494 shares during the last quarter. 20.87% of the stock is currently owned by institutional investors.
About BRT Apartments
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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