B. Riley Issues Pessimistic Forecast for BRT Apartments (NYSE:BRT) Stock Price

BRT Apartments (NYSE:BRT) had its target price cut by equities researchers at B. Riley from $22.00 to $21.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. B. Riley’s price objective suggests a potential upside of 17.81% from the stock’s previous close.

Separately, Colliers Securities downgraded shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

BRT Apartments Price Performance

NYSE BRT traded up $0.08 during mid-day trading on Thursday, hitting $17.83. The stock had a trading volume of 6,551 shares, compared to its average volume of 24,311. The firm’s 50 day moving average is $17.70 and its 200 day moving average is $17.98. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $337.45 million, a price-to-earnings ratio of -33.63 and a beta of 1.11. BRT Apartments has a twelve month low of $15.92 and a twelve month high of $20.22.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC increased its position in BRT Apartments by 5.2% during the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 952 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BRT Apartments by 26.1% during the 4th quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider’s stock worth $317,000 after buying an additional 3,638 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after buying an additional 991 shares during the last quarter. Barclays PLC raised its position in shares of BRT Apartments by 15.4% during the 4th quarter. Barclays PLC now owns 16,953 shares of the financial services provider’s stock valued at $306,000 after buying an additional 2,263 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in BRT Apartments in the fourth quarter valued at approximately $795,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.