Stock Under Review: BRT Realty Trust (NYSE:BRT)

Shares of BRT Realty Trust (NYSE:BRT) ended Monday session in red amid volatile trading. The shares closed down -0.08 points or -1.03% at $7.89 with 2,344 shares getting traded. Post opening the session at $7.86, the shares hit an intraday low of $7.86 and an intraday high of $7.89 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $109.97 million and the number of outstanding shares have been calculated to be 13.91 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at -0.28%, resulting in a performance for the month at 3.25%. Therefore, the stated figure displays a quarterly performance of 7.03% and an annual performance of 17.03% traded down -1.03% on 28 November, 2016 hitting $7.89.

P/E-P/S-P/B-P/C

BRT P/E ratio is measuring at 6.33. As of now, BRT Realty Trust has a P/S value of 1.19, measuring P/B at 0.74. Its P/Cash is valued at 2.91.

Beta/ATR/Volatility

Beta factor is stands at 0.25 and Avg. true range is 0.11. Historically, the volatility of this stock is about 0.88% a week and 1.31% a month.

BRT Realty Trust (BRT) recently declared that on September 1, 2016, it attained a second multi-family property in the city of Southaven, Mississippi, a suburb of Memphis, Tennessee, for $38.2 million. The Company also sold for a noteworthygain a multi-family property for $30.4 million in Kansas after owning it for 2 1/2 years.

On September 1, 2016, BRT, through a joint venture in which it has a 60% interest, attained Civic Center II, a 384 unit multi-family property located in Southaven, Mississippi, for $38.2 million, inclusive of $30.6 million of mortgage debt obtained in connection with the acquisition. The mortgage matures in October 2026, bears an annual interest rate of 3.73% and is interest only until October 2021.

On September 1, 2016, BRT, through a merged joint venture, sold Sundance, a 496 unit multi-family property located in Wichita, Kansas for $30.4 million. BRT estimates that in the fourth quarter of fiscal 2016 it will recognize, after giving effect to a $1.9 million charge associated with the prepayment of the mortgage debt, an $8.6 million gain on the sale and that BRT’s share of such gain will be about $5.3 million.

 

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