BRT Apartments (NYSE:BRT) Stock Rating Upgraded by Zacks Research

BRT Apartments (NYSE:BRT) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research report on Friday, May 29th. Finally, Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.75.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $14.86 on Monday. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. BRT Apartments has a fifty-two week low of $13.18 and a fifty-two week high of $16.69. The firm has a fifty day moving average price of $14.73 and a two-hundred day moving average price of $14.54. The company has a market cap of $279.59 million, a PE ratio of -22.86 and a beta of 0.85.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $24.61 million for the quarter, compared to the consensus estimate of $24.28 million. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. Analysts expect that BRT Apartments will post 1.5 EPS for the current year.

Hedge Funds Weigh In On BRT Apartments

A number of large investors have recently modified their holdings of BRT. Oppenheimer & Close LLC increased its holdings in shares of BRT Apartments by 9.9% in the fourth quarter. Oppenheimer & Close LLC now owns 377,672 shares of the financial services provider’s stock valued at $5,552,000 after purchasing an additional 33,913 shares in the last quarter. Geode Capital Management LLC raised its position in BRT Apartments by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock worth $4,522,000 after purchasing an additional 1,837 shares during the last quarter. State Street Corp lifted its holdings in BRT Apartments by 3.3% during the 4th quarter. State Street Corp now owns 256,769 shares of the financial services provider’s stock worth $3,837,000 after buying an additional 8,226 shares in the last quarter. Permanens Capital L.P. lifted its holdings in BRT Apartments by 21.4% during the 3rd quarter. Permanens Capital L.P. now owns 201,263 shares of the financial services provider’s stock worth $3,192,000 after buying an additional 35,415 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in BRT Apartments by 26.4% in the 4th quarter. Stifel Financial Corp now owns 169,390 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 35,420 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

About BRT Apartments

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.