BRT Apartments (NYSE:BRT) Issues Quarterly Earnings Results

BRT Apartments (NYSE:BRT) posted its quarterly earnings data on Wednesday. The financial services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.48), Fidelity Earnings reports. BRT Apartments had a negative return on equity of 1.24% and a negative net margin of 2.84%. The firm had revenue of $33.12 million for the quarter, compared to analysts’ expectations of $32.27 million.

Shares of NYSE:BRT traded up $0.69 during trading on Friday, reaching $14.21. 19,702 shares of the company traded hands, compared to its average volume of 13,656. The company has a fifty day simple moving average of $13.44. The firm has a market cap of $215.11 million, a price-to-earnings ratio of 14.65 and a beta of 0.73. BRT Apartments has a 1-year low of $10.91 and a 1-year high of $14.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.96.

BRT has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating on shares of BRT Apartments in a research report on Monday, July 29th. National Securities assumed coverage on shares of BRT Apartments in a research note on Wednesday, July 24th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.75.

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 for BRT Apartments (NYSE:BRT)

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