BRT Apartments (NYSE:BRT) Stock Rating Reaffirmed by JMP Securities

BRT Apartments (NYSE:BRTGet Rating)‘s stock had its “buy” rating reiterated by equities research analysts at JMP Securities in a report released on Wednesday, TipRanks reports. They presently have a $28.00 price target on the financial services provider’s stock. JMP Securities’ target price points to a potential upside of 26.75% from the company’s current price.

Several other equities analysts also recently issued reports on BRT. B. Riley upgraded shares of BRT Apartments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $29.00 in a research note on Monday, March 21st. StockNews.com assumed coverage on shares of BRT Apartments in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Tuesday. Finally, TheStreet raised shares of BRT Apartments from a “c+” rating to a “b-” rating in a report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BRT Apartments presently has an average rating of “Buy” and a consensus target price of $26.50.

Shares of BRT stock traded up $0.78 on Wednesday, reaching $22.09. 479 shares of the stock were exchanged, compared to its average volume of 61,005. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average price is $22.51 and its 200 day moving average price is $21.73. The company has a market capitalization of $410.94 million, a price-to-earnings ratio of 8.98, a PEG ratio of 2.58 and a beta of 1.28. BRT Apartments has a twelve month low of $17.05 and a twelve month high of $25.31.

BRT Apartments (NYSE:BRTGet Rating) last issued its earnings results on Monday, May 9th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. BRT Apartments had a net margin of 121.97% and a return on equity of 22.09%. During the same quarter in the prior year, the company earned $0.30 earnings per share. Equities research analysts forecast that BRT Apartments will post 1.3 earnings per share for the current year.

In other BRT Apartments news, major shareholder Investors L. P. Gould purchased 6,924 shares of the stock in a transaction dated Thursday, May 12th. The shares were acquired at an average cost of $19.99 per share, for a total transaction of $138,410.76. Following the completion of the transaction, the insider now directly owns 2,996,822 shares of the company’s stock, valued at $59,906,471.78. The purchase was disclosed in a filing with the SEC, which is available at this link. 37.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of BRT Apartments by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,461 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 846 shares during the last quarter. State Street Corp boosted its holdings in shares of BRT Apartments by 3.2% in the 1st quarter. State Street Corp now owns 193,404 shares of the financial services provider’s stock valued at $4,680,000 after purchasing an additional 6,042 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of BRT Apartments by 19.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 98,835 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 15,787 shares during the last quarter. EAM Investors LLC boosted its holdings in shares of BRT Apartments by 1.6% in the 1st quarter. EAM Investors LLC now owns 72,026 shares of the financial services provider’s stock valued at $1,726,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of BRT Apartments by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,333 shares of the financial services provider’s stock valued at $2,837,000 after purchasing an additional 2,817 shares during the last quarter. Hedge funds and other institutional investors own 28.28% of the company’s stock.

BRT Apartments Company Profile (Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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