TheStreet downgraded shares of BRT Realty Trust (NYSE:BRT) from a c rating to a d+ rating in a research note released on Friday morning.

Shares of BRT Realty Trust (NYSE BRT) opened at 7.83 on Friday. The firm’s 50-day moving average is $7.82 and its 200 day moving average is $8.05. BRT Realty Trust has a 52-week low of $7.17 and a 52-week high of $8.70. The stock has a market capitalization of $109.82 million, a price-to-earnings ratio of 9.92 and a beta of 0.15.

BRT Realty Trust (NYSE:BRT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.24) earnings per share (EPS) for the quarter. BRT Realty Trust had a return on equity of 5.07% and a net margin of 10.81%. The firm had revenue of $26.86 million for the quarter. Equities analysts expect that BRT Realty Trust will post ($0.63) EPS for the current year.

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A hedge fund recently raised its stake in BRT Realty Trust stock. Towerview LLC increased its stake in BRT Realty Trust (NYSE:BRT) by 19.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 840,000 shares of the financial services provider’s stock after buying an additional 134,523 shares during the period. BRT Realty Trust accounts for 3.3% of Towerview LLC’s portfolio, making the stock its 7th largest position. Towerview LLC owned approximately 5.98% of BRT Realty Trust worth $6,602,000 at the end of the most recent quarter. 21.81% of the stock is owned by institutional investors and hedge funds.

About BRT Realty Trust

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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