BRT Apartments Corp (BRT) Expected to Post Quarterly Sales of $32.27 Million

Wall Street analysts expect BRT Apartments Corp (NYSE:BRT) to report sales of $32.27 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BRT Apartments’ earnings. The highest sales estimate is $32.35 million and the lowest is $32.19 million. BRT Apartments reported sales of $30.15 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The firm is expected to report its next earnings results on Wednesday, August 14th.

On average, analysts expect that BRT Apartments will report full year sales of $128.89 million for the current fiscal year, with estimates ranging from $127.74 million to $130.04 million. For the next year, analysts anticipate that the firm will report sales of $134.30 million, with estimates ranging from $131.72 million to $136.88 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover BRT Apartments.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Friday, March 29th. DA Davidson assumed coverage on BRT Apartments in a research report on Thursday, March 28th. They set a “buy” rating and a $16.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.38.

BRT traded down $0.02 during trading on Friday, reaching $12.95. 13,200 shares of the company traded hands, compared to its average volume of 23,534. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.48 and a quick ratio of 1.48. BRT Apartments has a 12-month low of $10.91 and a 12-month high of $14.35. The firm has a market cap of $207.32 million, a P/E ratio of 13.35 and a beta of 0.67.

Several hedge funds and other institutional investors have recently bought and sold shares of BRT. Bank of New York Mellon Corp boosted its position in shares of BRT Apartments by 16.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock valued at $1,318,000 after acquiring an additional 15,609 shares during the last quarter. BlackRock Inc. boosted its position in shares of BRT Apartments by 1.7% during the 3rd quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock valued at $9,787,000 after acquiring an additional 13,446 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in BRT Apartments by 96.3% in the third quarter. Dimensional Fund Advisors LP now owns 25,694 shares of the financial services provider’s stock worth $309,000 after buying an additional 12,607 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in BRT Apartments by 144.4% in the third quarter. TIAA CREF Investment Management LLC now owns 30,952 shares of the financial services provider’s stock worth $373,000 after buying an additional 18,286 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in BRT Apartments by 26.3% in the third quarter. Vanguard Group Inc. now owns 419,502 shares of the financial services provider’s stock worth $5,051,000 after buying an additional 87,390 shares during the last quarter. Hedge funds and other institutional investors own 31.38% of the company’s stock.

BRT Apartments Company Profile

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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