What’s Ahead for BRT Apartments Corp. (BRT) After Touching 52-Week High?

December 16, 2017 - By Winifred Garcia

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dropped, as 5 investors sold BRT Apartments Corp. shares while 3 reduced holdings. 3 funds opened positions while 4 raised stakes. 2.66 million shares or 5.50% less from 2.81 million shares in 2017Q1 were reported.
Geode Mngmt Limited Liability Com invested 0% in BRT Apartments Corp. (NYSE:BRT). Towerview Limited Liability owns 840,000 shares. Price Michael F holds 0.17% of its portfolio in BRT Apartments Corp. (NYSE:BRT) for 168,369 shares. Bancshares Of New York Mellon owns 27,086 shares. Creative Planning, a Kansas-based fund reported 1,543 shares. Northern reported 54,555 shares. Renaissance Technologies Limited Liability has invested 0% of its portfolio in BRT Apartments Corp. (NYSE:BRT). Lesa Sroufe has 20,000 shares for 0.15% of their portfolio. 23,100 are owned by Bridgeway Incorporated. Blackrock owns 415,659 shares for 0% of their portfolio. Vanguard Gru Incorporated owns 37,049 shares or 0% of their US portfolio. Deutsche Natl Bank Ag owns 3,800 shares for 0% of their portfolio. Morgan Stanley has 7 shares for 0% of their portfolio. Altfest L J & Incorporated has 0.41% invested in BRT Apartments Corp. (NYSE:BRT) for 86,681 shares. Oppenheimer Close Limited Com owns 187,192 shares.

The stock of BRT Apartments Corp. (NYSE:BRT) hit a new 52-week high and has $12.14 target or 7.00 % above today’s $11.35 share price. The 6 months bullish chart indicates low risk for the $159.18 million company. The 1-year high was reported on Dec, 16 by Barchart.com. If the $12.14 price target is reached, the company will be worth $11.14 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 1.34% or $0.15 during the last trading session, reaching $11.35. About 85,460 shares traded or 428.90% up from the average. BRT Apartments Corp. (NYSE:BRT) has risen 12.11% since December 16, 2016 and is uptrending. It has underperformed by 4.59% the S&P500.

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 $11.75 highest and $10.50 lowest target. $11.13’s average target is -1.94% below currents $11.35 stock price. BRT Apartments had 2 analyst reports since September 29, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 26 by FBR Capital. The firm has “Neutral” rating by Janney Capital given on Friday, September 29.

More notable recent BRT Apartments Corp. (NYSE:BRT) news were published by: Streetinsider.com which released: “Form 8-K BRT Apartments Corp. For: Dec 14” on December 14, 2017, also Nasdaq.com with their article: “BRT Apartments Corp. (BRT) Ex-Dividend Date Scheduled for September 22, 2017” published on September 21, 2017, Nasdaq.com published: “Oppenheimer & Close, LLC Buys McEwen Mining Inc, BRT Apartments Corp, Seacor …” on November 08, 2017. More interesting news about BRT Apartments Corp. (NYSE:BRT) were released by: Globenewswire.com and their article: “BRT Apartments Corp. Declares a Quarterly Dividend of $0.18 per share” published on December 05, 2017 as well as Marketwatch.com‘s news article titled: “BRT Apartments stock shoots up after dividend initiation, stock repurchase …” with publication date: September 12, 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 $159.18 million. It operates through two divisions, Multi-Family Real Estate and Other Real Estate. It has a 14.39 P/E ratio. The firm also owns, operates, and develops commercial, mixed use, and other real estate assets.

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