BRT Apartments’ (BRT) Market Outperform Rating Reaffirmed at Citizens Jmp

BRT Apartments (NYSE:BRT)‘s stock had its “market outperform” rating restated by stock analysts at Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $20.00 target price on the financial services provider’s stock. Citizens Jmp’s price objective would suggest a potential upside of 37.74% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Zacks Research upgraded BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research report on Thursday. Weiss Ratings cut shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.75.

BRT Apartments Price Performance

Shares of NYSE:BRT remained flat at $14.52 on Thursday. 2,381 shares of the stock were exchanged, compared to its average volume of 41,985. The company has a market cap of $272.83 million, a PE ratio of -20.74 and a beta of 0.85. BRT Apartments has a 1-year low of $13.18 and a 1-year high of $16.69. The business has a 50-day moving average price of $14.83 and a 200-day moving average price of $14.53. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.16.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%.The company had revenue of $24.47 million during the quarter, compared to analysts’ expectations of $24.36 million. Equities analysts forecast that BRT Apartments will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of BRT Apartments during the 2nd quarter worth $16,311,000. Great Lakes Advisors LLC acquired a new stake in shares of BRT Apartments in the second quarter valued at about $1,995,000. Bank of New York Mellon Corp acquired a new stake in shares of BRT Apartments in the second quarter valued at about $1,694,000. Public Employees Retirement System of Ohio acquired a new stake in shares of BRT Apartments in the second quarter valued at about $627,000. Finally, Jane Street Group LLC purchased a new stake in BRT Apartments during the fourth quarter worth about $895,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.