Analysts Anticipate BRT Apartments Corp (NYSE:BRT) Will Post Quarterly Sales of $33.08 Million

Wall Street analysts expect BRT Apartments Corp (NYSE:BRT) to report $33.08 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for BRT Apartments’ earnings, with the highest sales estimate coming in at $33.65 million and the lowest estimate coming in at $32.40 million. BRT Apartments reported sales of $31.44 million in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is scheduled to report its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that BRT Apartments will report full-year sales of $129.49 million for the current fiscal year, with estimates ranging from $127.74 million to $130.76 million. For the next fiscal year, analysts forecast that the business will post sales of $136.20 million, with estimates ranging from $131.72 million to $139.12 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for BRT Apartments.

BRT Apartments (NYSE:BRT) last released its quarterly earnings results 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 negative net margin of 2.84% and a negative return on equity of 1.25%. The business had revenue of $34.04 million for the quarter, compared to analysts’ expectations of $32.66 million.

Several equities research analysts have recently commented on the stock. National Securities assumed coverage on shares of BRT Apartments in a research report on Wednesday, July 24th. They set a “buy” rating for the company. Zacks Investment Research lowered BRT Apartments from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Finally, DA Davidson reaffirmed a “buy” rating on shares of BRT Apartments in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.17.

Several large investors have recently modified their holdings of the company. Bailard Inc. raised its holdings in shares of BRT Apartments by 49.1% in the second quarter. Bailard Inc. now owns 22,155 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 7,300 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in BRT Apartments in the 2nd quarter worth approximately $144,000. SG Americas Securities LLC bought a new position in BRT Apartments in the 2nd quarter worth approximately $171,000. Municipal Employees Retirement System of Michigan boosted its stake in BRT Apartments by 29.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 39,440 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 9,080 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in 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. 31.01% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BRT opened at $17.41 on Friday. BRT Apartments has a 52 week low of $10.91 and a 52 week high of $17.71. The firm has a market capitalization of $272.37 million, a P/E ratio of 17.95 and a beta of 0.79. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.22. The company has a 50-day moving average price of $15.71 and a 200-day moving average price of $14.24.

The company also recently declared a 0.20000 dividend, which was paid on Thursday, October 10th. Stockholders of record on Wednesday, September 25th were paid a $0.22 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend was Tuesday, September 24th. BRT Apartments’s dividend payout ratio is presently 90.72%.

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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Earnings History and Estimates for BRT Apartments (NYSE:BRT)

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