BRT Apartments Corp. (NYSE:BRT) Given Consensus Rating of “Hold” by Brokerages

BRT Apartments Corp. (NYSE:BRT) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.75.

BRT has been the subject of several research analyst reports. Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research note on Thursday, August 20th. Citizens Jmp reaffirmed a “market outperform” rating and set a $20.00 price target on shares of BRT Apartments in a research report on Thursday, August 20th. Zacks Research upgraded BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th.

BRT Apartments Stock Performance

Shares of BRT stock opened at $14.48 on Thursday. BRT Apartments has a 12-month low of $13.18 and a 12-month high of $16.69. The business’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $14.52. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.16. The company has a market cap of $272.15 million, a PE ratio of -20.69 and a beta of 0.83.

BRT Apartments (NYSE:BRT) last announced its earnings results on Monday, August 10th. The financial services provider reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%.The firm had revenue of $24.47 million for the quarter, compared to the consensus estimate of $24.36 million. Analysts expect that BRT Apartments will post 1.46 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 25th. BRT Apartments’s dividend payout ratio (DPR) is presently -142.86%.

Institutional Trading of BRT Apartments

Several large investors have recently added to or reduced their stakes in BRT. Russell Investments Group Ltd. increased its position in shares of BRT Apartments by 725.9% during the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,539 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 955 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position 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 worth $30,000 after purchasing an additional 1,910 shares during the period. California State Teachers Retirement System increased its holdings in BRT Apartments by 261.9% in the 2nd quarter. California State Teachers Retirement System now owns 2,121 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Strs Ohio acquired a new stake in BRT Apartments in the 1st quarter valued at approximately $39,000. 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.