BRT Apartments Corp. (MD) with ticker code (BRT) now have 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 28 and 23 with the average target price sitting at $25.75. Given that the stocks previous close was at $18.75 this would imply there is now a potential upside of 37.3%. Also worth taking note is the 50 day moving average now sits at $20.19 and the 200 day MA is $21.13. The total market capitalization for the company now stands at $356m. You can visit the company’s website by visiting: https://www.brtapartments.com
The potential market cap would be $490m based on the market consensus.
BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2022, BRT owns or has interests in 29 multi-family properties with 8,201 units in 11 states.
The company has a dividend yield of 5.37% with the ex dividend date set at 24-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7, revenue per share of 4.07 and a 0.34% return on assets.
