JMP Securities: BRT Apartments (NYSE:BRT) has $16 Target and “Market Outperform” Rating.

June 29, 2018 - By Jimmy Cauthen

BRT Apartments Corp. (NYSE:BRT) Corporate Logo

Big Money Sentiment increased to 4.5 in 2018 Q1. It has change of 2.17, from 2017Q4’s 2.33. The ratio improved due to BRT Apartments Corp. positioning: 1 sold and 5 reduced. 16 funds acquired holdings and 11 increased holdings. Investors holded 2.83 million in 2017Q4 but now own 6.65 million shares or 135.26% more.

Manufacturers Life The reported 183 shs. Invesco Limited holds 0% of its capital in BRT Apartments Corp. (NYSE:BRT) for 12,369 shs. Tower Cap Limited Liability Corporation (Trc) holds 0% in BRT Apartments Corp. (NYSE:BRT) or 3,690 shs. Geode Limited holds 0% or 208,311 shs in its capital. 408,541 were reported by Oppenheimer Close Llc. Price Michael F, a New York-based fund reported 168,369 shs. Dimensional Fund Advisors Ltd Partnership accumulated 13,087 shs. Blackrock stated it has 0% in BRT Apartments Corp. (NYSE:BRT). First Manhattan reported 228,602 shs stake. Natl Bank Of America De has invested 0% in BRT Apartments Corp. (NYSE:BRT). Vanguard Grp has 115,468 shs. State Of New Jersey Common Pension Fund D reported 30,000 shs stake. Lesa Sroufe & invested in 0.18% or 20,000 shs. Great West Life Assurance Can invested in 0% or 268 shs. Deutsche Comml Bank Ag holds 0% of its capital in BRT Apartments Corp. (NYSE:BRT) for 80,170 shs.

BRT Apartments Corp. registered $98,168 net activity with 0 insider buys and 1 insider sale since June 20, 2018.

What Price Target Has JMP Securities Given BRT Apartments (NYSE:BRT)

The research firm JMP Securities has initiated coverage of BRT’s shares on Thursday, 28 June. JMP Securities’s Research professionals have gave “Market Outperform” rating while giving it the target at $16.

The stock increased 0.84% or $0.11 during the last trading session, touching $13.22.BRT Apartments Corp. has 54,059 shares volume, 17.93% up from normal. BRT is uptrending and has moved 56.20% since June 29, 2017. The stock outperformed the S&P 500 by 43.63%.

BRT Apartments Corp. (NYSE:BRT)’s quarterly earnings will be published on August, 14., Faxor reports. Analysts expect change of 4.35 % or $0.01 from previous year’s $0.23 EPS compared to current’s $0.24 EPS. If the current EPS of $0.24 is accurate, BRT’s profit could hit $3.44 million. -4.00 % negative EPS growth is what Wall Street’s predicts after $0.25 reported EPS previous quarter.

BRT is a real estate investment trust that owns, operates and develops multi-family properties.The company has $189.62 million market cap. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended March 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website at: http://brtapartments.com/investor_relations for further details.The P/E ratio is 5.6. The Form 10-Q can also be linked through the ?Investor Relations? section of BRT's website.

Another two news for BRT Apartments Corp. (NYSE:BRT) were recently announced by: Globenewswire.com on June 12, 2018 with title “BRT Apartments Corp. Declares Quarterly Dividend”. The other Streetinsider.com‘s article was titled “JMP Securities Starts BRT Apartments (BRT) at Market Outperform” and announced on June 28, 2018.

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