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.
Recommended Story: Front-End Load
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.