BRT Apartments (NYSE:BRT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

BRT Apartments Corp. (NYSE:BRT)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.50 and traded as high as $14.55. BRT Apartments shares last traded at $14.3460, with a volume of 37,958 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of BRT Apartments from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BRT Apartments presently has a consensus rating of “Hold” and a consensus target price of $19.75.

BRT Apartments Stock Up 1.5%

The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.00. The stock’s 50-day simple moving average is $14.14 and its 200-day simple moving average is $14.49. The firm has a market capitalization of $273.47 million, a P/E ratio of -22.36 and a beta of 0.87.

BRT Apartments (NYSE:BRT) last released its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. The firm had revenue of $24.61 million during the quarter, compared to the consensus estimate of $24.28 million.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, March 27th. BRT Apartments’s dividend payout ratio is presently -153.85%.

Institutional Trading of BRT Apartments

Several institutional investors and hedge funds have recently bought and sold shares of BRT. Osaic Holdings Inc. grew its holdings in shares of BRT Apartments by 111.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of BRT Apartments by 725.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,539 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BRT Apartments by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock valued at $4,522,000 after purchasing an additional 1,837 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of BRT Apartments by 1,171.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Brookwood Investment Group LLC grew its holdings in shares of BRT Apartments by 13.1% during the 4th quarter. Brookwood Investment Group LLC now owns 19,220 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 2,219 shares during the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.