BRT Apartments price target lowered to $20 from $24 at Citizens JMP

Citizens JMP lowered the firm’s price target on BRT Apartments (BRT) to $20 from $24 and keeps an Outperform rating on the shares following the Q3 print. The firm expects fundamentals to provide a favorable backdrop next year, and thinks additional capital could be accessed through debt refinancing in the future to unlock opportunities for value creation, the analyst tells investors in a research note.