BRT Apartments Corp (NYSE:BRT) Director Louis C. Grassi purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was bought at an average cost of $12.33 per share, for a total transaction of $12,330.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of BRT traded down $0.17 during trading hours on Friday, reaching $11.86. The stock had a trading volume of 772 shares, compared to its average volume of 22,379. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.72. BRT Apartments Corp has a 52 week low of $10.00 and a 52 week high of $14.20. The stock has a market cap of $181.36 million, a P/E ratio of 17.70 and a beta of 0.50.
BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.02). BRT Apartments had a net margin of 27.75% and a return on equity of 12.06%. The firm had revenue of $30.15 million during the quarter, compared to the consensus estimate of $30.43 million. On average, equities research analysts expect that BRT Apartments Corp will post 0.94 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on BRT. Zacks Investment Research raised BRT Apartments from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine cut shares of BRT Apartments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, TheStreet cut shares of BRT Apartments from a “b-” rating to a “c” rating in a research report on Monday, August 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BRT Apartments presently has an average rating of “Buy” and an average price target of $15.33.
About BRT Apartments
BRT is a real estate investment trust that primarily owns, operates and develops multi-family properties.
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