BRT Apartments Corp (NYSE:BRT) Expected to Announce Earnings of $0.21 Per Share

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Equities research analysts predict that BRT Apartments Corp (NYSE:BRT) will announce $0.21 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for BRT Apartments’ earnings, with estimates ranging from $0.20 to $0.22. BRT Apartments posted earnings of $0.22 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that BRT Apartments will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.87. For the next financial year, analysts expect that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.86 to $0.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover BRT Apartments.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The business had revenue of $34.04 million during the quarter, compared to the consensus estimate of $32.66 million. BRT Apartments had a negative net margin of 2.84% and a negative return on equity of 1.25%.

Several equities research analysts have recently weighed in on BRT shares. DA Davidson reaffirmed a “buy” rating on shares of BRT Apartments in a report on Monday, July 29th. National Securities started coverage on shares of BRT Apartments in a report on Wednesday, July 24th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research lowered shares of BRT Apartments from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.17.

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in BRT Apartments by 49.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 669 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in BRT Apartments during the 2nd quarter worth about $144,000. SG Americas Securities LLC bought a new stake in BRT Apartments during the 2nd quarter worth about $171,000. Russell Investments Group Ltd. bought a new stake in BRT Apartments during the 3rd quarter worth about $208,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in BRT Apartments by 64.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,675 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 6,525 shares during the last quarter. 31.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BRT traded up $0.28 during trading hours on Thursday, hitting $17.41. The stock had a trading volume of 19,656 shares, compared to its average volume of 26,381. The company’s fifty day moving average is $15.71 and its two-hundred day moving average is $14.24. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.10 and a quick ratio of 1.10. BRT Apartments has a 52 week low of $10.91 and a 52 week high of $17.71. The stock has a market capitalization of $272.37 million, a price-to-earnings ratio of 17.95 and a beta of 0.79.

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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Earnings History and Estimates for BRT Apartments (NYSE:BRT)

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