In a report released yesterday, Craig Kucera from B.Riley FBR reiterated a Buy rating on BRT Realty Trust (BRT). The company’s shares opened today at $12.95.
Kucera observed:
“We are updating our 2019 earnings estimates for Buy-rated BRT Apartments Corp. (BRT) and establishing 2020 estimates, with our 2019 FFO/AFFO estimates declining, from $0.91/$1.07 to $0.85/$0.99, given more modest SS NOI growth assumptions, as well as continued capital recycling, which, in the near term, is expected to be dilutive. We are also establishing 2020 FFO/AFFO estimates of $1.03/$1.16. BRT holds a portfolio of predominantly Sunbelt properties, with a mix of class A (approximately one-third of the portfolio, in our estimation) and class B multifamily assets, of which a number are currently undergoing a light (~$5,000/unit) value add.”
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 3.9% and a 63.3% success rate. Kucera covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, NexPoint Residential Trust Inc, and Consolidated-Tomoka Land Co.
BRT Realty Trust has an analyst consensus of Hold.
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The company has a one-year high of $14.20 and a one-year low of $10.20. Currently, BRT Realty Trust has an average volume of 27.99K.
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BRT Apartments Corp. is a real estate investment trust company, which engages in the ownership, operation, and development of multi-family properties. It operates through the Multi-Family Real Estate and Other Real Estate business segments. The Multi-Family Real Estate segment comprises of the ownership, operation, and development of multi family properties.
