FY2019 EPS Estimates for BRT Apartments Corp Lowered by B. Riley (NYSE:BRT)
BRT Apartments Corp (NYSE:BRT) – Research analysts at B. Riley decreased their FY2019 EPS estimates for shares of BRT Apartments in a research note issued on Friday, November 8th. B. Riley analyst C. Kucera now expects that the financial services provider will post earnings of $0.75 per share for the year, down from their prior estimate of $0.81. B. Riley also issued estimates for BRT Apartments’ Q1 2020 earnings at $0.22 EPS.
BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $34.04 million during the quarter, compared to the consensus estimate of $32.66 million. BRT Apartments had a negative net margin of 2.84% and a negative return on equity of 1.25%.
Shares of NYSE BRT opened at $17.41 on Monday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $272.37 million, a P/E ratio of 17.95 and a beta of 0.79. The firm’s fifty day moving average is $15.71 and its two-hundred day moving average is $14.24. BRT Apartments has a 52-week low of $10.91 and a 52-week high of $17.71.
A number of hedge funds and other institutional investors have recently made changes to their positions in BRT. Vanguard Group Inc. increased its holdings in BRT Apartments by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 467,359 shares of the financial services provider’s stock valued at $6,604,000 after acquiring an additional 38,256 shares during the last quarter. BlackRock Inc. increased its holdings in BRT Apartments by 2.4% in the 2nd quarter. BlackRock Inc. now owns 913,362 shares of the financial services provider’s stock valued at $12,907,000 after acquiring an additional 21,067 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of BRT Apartments in the 3rd quarter worth about $208,000. SG Americas Securities LLC bought a new stake in shares of BRT Apartments in the 2nd quarter worth about $171,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of BRT Apartments by 9.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 120,807 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 10,901 shares during the last quarter. Institutional investors own 31.01% of the company’s stock.
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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