Wall Street Zen Upgrades BRT Apartments (NYSE:BRT) to Sell

Key Points

• Wall Street Zen upgraded BRT Apartments (NYSE: BRT) from a "strong sell" to a "sell" while Weiss Ratings reaffirmed a "sell (d+)", and MarketBeat's consensus remains a "Hold" with a $19.75 target.
• BRT missed its recent quarter with EPS of ($0.23) versus $0.36 expected, reporting negative net margin (12.31%) and ROE (-6.33%), and the stock trades around $14.08 with a market cap of roughly $267M and a 52‑week range of $13.18–$16.69.
• Institutional activity shows new and larger stakes from firms like Millennium, Marshall Wace, Russell Investments and Canada Life, with institutions now owning about 29.07% of the company.

BRT Apartments (NYSE:BRT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of BRT Apartments in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.75.

BRT Apartments Stock Down 0.3%

BRT Apartments stock opened at $14.08 on Friday. The stock has a market capitalization of $267.22 million, a PE ratio of -22.35 and a beta of 0.91. BRT Apartments has a 12 month low of $13.18 and a 12 month high of $16.69. The business has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $14.65. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.86 and a quick ratio of 1.86.

BRT Apartments (NYSE:BRT - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.59). The business had revenue of $24.29 million during the quarter, compared to analysts' expectations of $24.41 million. BRT Apartments had a negative net margin of 12.31% and a negative return on equity of 6.33%. On average, analysts anticipate that BRT Apartments will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in BRT Apartments in the 4th quarter valued at $330,000. Public Employees Retirement System of Ohio purchased a new position in BRT Apartments in the 4th quarter valued at $55,000. Russell Investments Group Ltd. lifted its holdings in BRT Apartments by 107.1% in the 4th quarter. Russell Investments Group Ltd. now owns 3,626 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 1,875 shares in the last quarter. Marshall Wace LLP purchased a new position in BRT Apartments in the 4th quarter valued at $304,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in BRT Apartments by 1,171.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.

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