Stock analysts at DA Davidson assumed coverage on shares of BRT Apartments (NYSE:BRT) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the financial services provider’s stock.

BRT has been the subject of several other reports. Zacks Investment Research cut BRT Apartments from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Compass Point initiated coverage on BRT Apartments in a report on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of BRT Apartments in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.17.

Shares of BRT traded up $0.04 during mid-day trading on Thursday, hitting $13.89. The company’s stock had a trading volume of 22,298 shares, compared to its average volume of 26,835. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $219.72 million, a P/E ratio of 14.32 and a beta of 0.60. BRT Apartments has a 1-year low of $10.91 and a 1-year high of $14.20.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.63. The business had revenue of $31.44 million during the quarter, compared to analysts’ expectations of $31.61 million. BRT Apartments had a return on equity of 8.64% and a net margin of 20.77%. Research analysts anticipate that BRT Apartments will post 0.83 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRT. Northern Trust Corp raised its holdings in shares of BRT Apartments by 119.1% in the second quarter. Northern Trust Corp now owns 125,869 shares of the financial services provider’s stock worth $1,605,000 after acquiring an additional 68,420 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of BRT Apartments in the third quarter worth $183,000. Bank of New York Mellon Corp raised its holdings in shares of BRT Apartments by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock worth $1,318,000 after acquiring an additional 15,609 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of BRT Apartments by 47.9% in the third quarter. Martingale Asset Management L P now owns 44,120 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 14,293 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of BRT Apartments by 1.7% in the third quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock worth $9,787,000 after acquiring an additional 13,446 shares during the last quarter. 30.48% of the stock is owned by institutional investors.

About BRT Apartments

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.

Featured Story: What factors cause inflation to rise?

The Fly

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.