BRT Apartments (BRT) Posts Earnings Results, Beats Expectations By $0.63 EPS

BRT Apartments (NYSE:BRT) released its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.63, Zacks reports. BRT Apartments had a net margin of 20.77% and a return on equity of 8.60%. The business had revenue of $31.44 million during the quarter, compared to the consensus estimate of $31.61 million.

BRT stock opened at $13.05 on Friday. BRT Apartments has a twelve month low of $10.20 and a twelve month high of $14.20. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $207.63 million, a PE ratio of 14.19 and a beta of 0.56.

A number of analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating on shares of BRT Apartments in a research report on Tuesday, January 15th. Zacks Investment Research raised shares of BRT Apartments from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Compass Point assumed coverage on shares of BRT Apartments in a research report on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. BRT Apartments has an average rating of “Hold” and an average target price of $14.88.

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BRT Apartments Company Profile

BRT is a real estate investment trust that primarily owns, operates and develops multi-family properties.

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Earnings History for BRT Apartments (NYSE:BRT)

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