B.Riley FBR analyst Craig Kucera maintained a Buy rating on BRT Realty Trust (BRT) yesterday and set a price target of $15. The company’s shares closed last Monday at $14.34, close to its 52-week high of $14.40.
“We are lowering our earnings estimates on Buy-rated BRT Apartments Corp. (BRT), post-2Q19 results, which were in line with expectations, but are taking into account recent capital recycling and reduced expectations regarding the impact from the company’s value-add investment strategy in 2020. As such, we are lowering our 2019E and our 2020 to $0.99. 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 5.9% and a 66.0% success rate. Kucera covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, NexPoint Residential Trust Inc, and Consolidated-Tomoka Land Co.
Currently, the analyst consensus on BRT Realty Trust is a Moderate Buy with an average price target of $15.
See today’s analyst top recommended stocks >>
The company has a one-year high of $14.40 and a one-year low of $10.91. Currently, BRT Realty Trust has an average volume of 21.98K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.