BRT Apartments Corp. (BRT)’s Stock Is Buy After Reaching 52-Week High

January 22, 2018 - By Migdalia James

Investors sentiment increased to 1.67 in Q3 2017. Its up 0.79, from 0.88 in 2017Q2. It increased, as 3 investors sold BRT Apartments Corp. shares while 3 reduced holdings. 6 funds opened positions while 4 raised stakes. 2.98 million shares or 12.13% more from 2.66 million shares in 2017Q2 were reported.
Royal Bank & Trust Of Canada holds 8 shares. Price Michael F accumulated 168,369 shares. Deutsche Commercial Bank Ag invested 0% of its portfolio in BRT Apartments Corp. (NYSE:BRT). Stifel Financial holds 10,237 shares or 0% of its portfolio. Geode Mngmt Ltd Co accumulated 208,311 shares or 0% of the stock. Lesa Sroufe & stated it has 20,000 shares or 0.19% of all its holdings. First Manhattan invested 0.02% of its portfolio in BRT Apartments Corp. (NYSE:BRT). Towerview Ltd Com invested in 845,641 shares or 4.7% of the stock. Northern Corporation has 52,355 shares for 0% of their portfolio. 27,086 were accumulated by Commercial Bank Of Ny Mellon Corp. Oppenheimer & Close Ltd owns 259,116 shares. Altfest L J And Co Inc stated it has 0.45% of its portfolio in BRT Apartments Corp. (NYSE:BRT). California Pub Employees Retirement System reported 13,549 shares or 0% of all its holdings. Tower Rech Ltd Co (Trc) has invested 0% in BRT Apartments Corp. (NYSE:BRT). Blackrock invested in 0% or 414,197 shares.

The stock of BRT Apartments Corp. (NYSE:BRT) hit a new 52-week high and has $14.70 target or 9.00 % above today’s $13.49 share price. The 7 months bullish chart indicates low risk for the $189.16M company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $14.70 price target is reached, the company will be worth $17.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.45% or $0.06 during the last trading session, reaching $13.49. About 33,794 shares traded. BRT Apartments Corp. (NYSE:BRT) has risen 12.11% since January 22, 2017 and is uptrending. It has underperformed by 4.59% the S&P500.

Analysts await BRT Apartments Corp. (NYSE:BRT) to report earnings on February, 14. They expect $0.20 EPS, down 4.76 % or $0.01 from last year’s $0.21 per share. BRT’s profit will be $2.80 million for 16.86 P/E if the $0.20 EPS becomes a reality. After $0.22 actual EPS reported by BRT Apartments Corp. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

BRT Apartments Corp. (NYSE:BRT) Ratings Coverage

Among 2 analysts covering BRT Apartments (NYSE:BRT), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. BRT Apartments has $12.5 highest and $10.50 lowest target. $11.50’s average target is -14.75% below currents $13.49 stock price. BRT Apartments had 3 analyst reports since September 29, 2017 according to SRatingsIntel. As per Thursday, October 26, the company rating was initiated by FBR Capital. Janney Capital initiated the stock with “Neutral” rating in Friday, September 29 report.

More notable recent BRT Apartments Corp. (NYSE:BRT) news were published by: Globenewswire.com which released: “BRT Apartments Corp. Declares a Quarterly Dividend of $0.18 per share” on December 05, 2017, also Nasdaq.com with their article: “BRT Apartments Corp. Agrees to Sell Multi-Family Property for More Than $97 …” published on January 08, 2018, Seekingalpha.com published: “BRT Apartments Sells The Fountains Apartments for $97.3M” on January 09, 2018. More interesting news about BRT Apartments Corp. (NYSE:BRT) were released by: Globenewswire.com and their article: “BRT APARTMENTS CORP. Acquires Value-Add Community in Tallahassee, Florida” published on September 15, 2017 as well as Globenewswire.com‘s news article titled: “BRT Apartments Corp. Acquires 313 Unit Class A Property in a Dallas Suburb” with publication date: October 03, 2017.

BRT Realty Trust, a real estate investment trust , owns, operates, and develops multi-family properties in the United States. The company has market cap of $189.16 million. It operates through two divisions, Multi-Family Real Estate and Other Real Estate. It has a 13.91 P/E ratio. The firm also owns, operates, and develops commercial, mixed use, and other real estate assets.

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