BRT Apartments (BRT) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about BRT Apartments (NYSE:BRT) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. BRT Apartments earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.4233127105939 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- $26.66 Million in Sales Expected for BRT Apartments Corp (BRT) This Quarter (americanbankingnews.com)
- Top Ranked Income Stocks to Buy for January 12th (finance.yahoo.com)
- SELLING POINTS: POKO deals Brownsville theater for $53M, Assa nets $50M for Midtown building (rew-online.com)
- B. Riley Analysts Cut Earnings Estimates for BRT Apartments Corp (BRT) (americanbankingnews.com)
- 542-Unit Palm Beach Gardens Complex Sells For $97M (bisnow.com)
Shares of BRT Apartments (NYSE BRT) traded up $0.01 during mid-day trading on Friday, reaching $13.07. The company had a trading volume of 114,347 shares, compared to its average volume of 40,154. The stock has a market capitalization of $183.27, a PE ratio of 13.34 and a beta of 0.22. BRT Apartments has a 12 month low of $7.36 and a 12 month high of $13.19. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.08 and a current ratio of 1.08.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were paid a $0.18 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.72 annualized dividend and a yield of 5.51%. BRT Apartments’s payout ratio is 73.47%.
A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating and set a $13.50 target price (up previously from $12.50) on shares of BRT Apartments in a report on Tuesday. TheStreet raised BRT Apartments from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. FBR & Co initiated coverage on BRT Apartments in a research note on Thursday, October 26th. They issued a “buy” rating and a $11.75 price target on the stock. Zacks Investment Research raised BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, December 19th. Finally, Janney Montgomery Scott initiated coverage on BRT Apartments in a research note on Friday, September 29th. They issued a “neutral” rating and a $10.50 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.19.
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About BRT Apartments
BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.
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