ValuEngine cut shares of BRT Apartments (NYSE:BRT) from a buy rating to a hold rating in a research report report published on Wednesday.

Several other equities analysts have also weighed in on the stock. TheStreet lowered shares of BRT Apartments from a b- rating to a c rating in a report on Monday, August 20th. Zacks Investment Research lowered shares of BRT Apartments from a hold rating to a strong sell rating in a report on Monday, August 13th. Finally, JMP Securities assumed coverage on shares of BRT Apartments in a report on Thursday, June 28th. They issued an outperform rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $13.65.

Shares of NYSE BRT opened at $12.34 on Wednesday. BRT Apartments has a fifty-two week low of $9.58 and a fifty-two week high of $14.20. The company has a market capitalization of $196.25 million, a P/E ratio of 18.42 and a beta of 0.43. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.72.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.02). BRT Apartments had a net margin of 27.75% and a return on equity of 12.06%. The business had revenue of $30.15 million during the quarter, compared to analyst estimates of $30.43 million. research analysts predict that BRT Apartments will post 0.94 EPS for the current fiscal year.

In other BRT Apartments news, VP George Zweier sold 7,500 shares of the stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $13.09, for a total value of $98,175.00. Following the sale, the vice president now directly owns 71,889 shares in the company, valued at $941,027.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BRT. ClariVest Asset Management LLC acquired a new stake in BRT Apartments in the first quarter worth $114,000. A.R.T. Advisors LLC acquired a new stake in BRT Apartments in the first quarter worth $144,000. Dimensional Fund Advisors LP acquired a new stake in BRT Apartments in the first quarter worth $154,000. Schwab Charles Investment Management Inc. acquired a new stake in BRT Apartments in the second quarter worth $197,000. Finally, RMR Advisors LLC acquired a new stake in BRT Apartments in the second quarter worth $228,000. Institutional investors own 29.61% of the company’s stock.

BRT Apartments Company Profile

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

Recommended Story: Moving Average (MA)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.