BRT Realty Trust (NYSE:BRT) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus price target of $11.13 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BRT Realty Trust an industry rank of 205 out of 265 based on the ratings given to related companies.
Several brokerages have recently weighed in on BRT. TheStreet raised shares of BRT Realty Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating on shares of BRT Realty Trust in a research report on Wednesday, November 1st. Janney Montgomery Scott began coverage on shares of BRT Realty Trust in a research report on Friday, September 29th. They issued a “neutral” rating and a $10.50 price target for the company. Finally, FBR & Co began coverage on shares of BRT Realty Trust in a research report on Thursday, October 26th. They issued a “buy” rating and a $11.75 price target for the company.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Towerview LLC raised its stake in shares of BRT Realty Trust by 19.1% during the 2nd quarter. Towerview LLC now owns 840,000 shares of the financial services provider’s stock worth $6,602,000 after acquiring an additional 134,523 shares in the last quarter. Oppenheimer & Close LLC raised its stake in shares of BRT Realty Trust by 38.4% during the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock worth $2,777,000 after acquiring an additional 71,924 shares in the last quarter. Stifel Financial Corp bought a new position in shares of BRT Realty Trust during the 3rd quarter worth approximately $108,000. B. Riley Financial Inc. raised its stake in shares of BRT Realty Trust by 6.2% during the 3rd quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 5,119 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of BRT Realty Trust by 2.2% during the 2nd quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,200 shares in the last quarter. 22.29% of the stock is owned by hedge funds and other institutional investors.
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Shares of BRT Realty Trust (NYSE:BRT) traded up $0.02 on Tuesday, hitting $10.07. 34,100 shares of the stock traded hands, compared to its average volume of 9,493. BRT Realty Trust has a 52-week low of $7.36 and a 52-week high of $11.01. The stock has a market cap of $143.06, a PE ratio of 15.23 and a beta of 0.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.50 and a quick ratio of 2.50.
BRT Realty Trust announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 12th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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