BRT Apartments (NYSE:BRT) Stock Rating Upgraded by Zacks Research

BRT Apartments (NYSE:BRT) was upgraded by Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.75.

BRT Apartments Stock Performance

Shares of NYSE BRT opened at $14.86 on Monday. The stock’s fifty day simple moving average is $14.73 and its 200 day simple moving average is $14.54. The stock has a market capitalization of $279.59 million, a price-to-earnings ratio of -22.86 and a beta of 0.85. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00. BRT Apartments has a 52-week low of $13.18 and a 52-week high of $16.69.

BRT Apartments (NYSE:BRT) last announced its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.The business had revenue of $24.61 million during the quarter, compared to the consensus estimate of $24.28 million. As a group, sell-side analysts forecast that BRT Apartments will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRT Apartments

Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in BRT Apartments by 227.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,362 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 8,591 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in shares of BRT Apartments by 14.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after purchasing an additional 20,170 shares during the period. Millennium Management LLC purchased a new stake in shares of BRT Apartments in the fourth quarter worth approximately $330,000. Russell Investments Group Ltd. lifted its position in shares of BRT Apartments by 107.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,626 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of BRT Apartments in the fourth quarter worth approximately $304,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Company Profile

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.