BRT Apartments (BRT) Receives New Coverage from Analysts at DA Davidson
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.
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.
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