BRT Apartments Corp (NYSE:BRT) Expected to Post Earnings of $0.21 Per Share

Wall Street analysts expect BRT Apartments Corp (NYSE:BRT) to report earnings of $0.21 per share for the current quarter, Zacks reports. Two analysts have issued estimates for BRT Apartments’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.20. BRT Apartments posted earnings of $0.22 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that BRT Apartments will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.75. For the next fiscal year, analysts anticipate that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $0.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow 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 consensus estimate of $0.21 by ($0.01). BRT Apartments had a net margin of 2.15% and a return on equity of 0.99%. The business had revenue of $34.04 million during the quarter, compared to analyst estimates of $32.66 million.

Separately, Zacks Investment Research downgraded BRT Apartments from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. BRT Apartments has a consensus rating of “Hold” and a consensus target price of $15.17.

BRT stock traded up $0.14 on Friday, reaching $18.39. The company had a trading volume of 39,267 shares, compared to its average volume of 26,888. BRT Apartments has a 1 year low of $10.91 and a 1 year high of $18.75. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.04 and a current ratio of 1.04. The company’s fifty day moving average is $17.18 and its 200 day moving average is $14.70. The company has a market cap of $295.27 million, a P/E ratio of 18.96 and a beta of 0.82.

A number of hedge funds have recently made changes to their positions in BRT. Nisa Investment Advisors LLC lifted its holdings in BRT Apartments by 49.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 669 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of BRT Apartments during the second quarter worth about $144,000. Squarepoint Ops LLC purchased a new stake in shares of BRT Apartments during the third quarter worth about $160,000. SG Americas Securities LLC acquired a new position in shares of BRT Apartments in the second quarter valued at approximately $171,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of BRT Apartments in the third quarter valued at approximately $208,000. 31.53% of the stock is owned by hedge funds and other institutional investors.

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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