BRT Apartments (NYSE:BRT) Stock Price Expected to Rise, B. Riley Analyst Says

BRT Apartments (NYSE:BRT) had its target price upped by stock analysts at B. Riley from $21.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. B. Riley’s price target indicates a potential upside of 15.30% from the company’s current price.

BRT Apartments Stock Down 0.4 %

BRT opened at $19.08 on Tuesday. BRT Apartments has a twelve month low of $15.21 and a twelve month high of $20.22. The company’s 50-day moving average price is $18.19 and its two-hundred day moving average price is $18.04. The stock has a market cap of $358.82 million, a price-to-earnings ratio of -36.00, a PEG ratio of 2.20 and a beta of 1.10. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.47). BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. The firm had revenue of $24.40 million during the quarter, compared to analysts’ expectations of $23.80 million. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities analysts expect that BRT Apartments will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On BRT Apartments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC raised its holdings in BRT Apartments by 4.7% during the 2nd quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 680 shares during the period. Wealth Alliance raised its stake in shares of BRT Apartments by 2.6% during the 2nd quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 681 shares during the period. ClariVest Asset Management LLC lifted its holdings in BRT Apartments by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,251 shares in the last quarter. State Street Corp lifted its holdings in BRT Apartments by 0.6% during the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in BRT Apartments in the 2nd quarter worth about $28,000. 29.07% of the stock is currently owned by institutional investors.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.