BRT Apartments (NYSE:BRT) Stock Passes Above 200 Day Moving Average – Should You Sell?

BRT Apartments Corp. (NYSE:BRT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.56 and traded as high as $15.04. BRT Apartments shares last traded at $14.89, with a volume of 30,746 shares changing hands.

Wall Street Analysts Forecast Growth

BRT has been the subject of several recent analyst reports. Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. 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 Friday, May 29th. Finally, Zacks Research raised shares of BRT Apartments to a “hold” rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BRT Apartments currently has a consensus rating of “Hold” and a consensus price target of $19.75.

BRT Apartments Price Performance

The firm has a fifty day moving average of $14.79 and a 200 day moving average of $14.56. 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 company has a market capitalization of $281.66 million, a P/E ratio of -23.02 and a beta of 0.85.

BRT Apartments (NYSE:BRT) last posted its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $24.61 million for the quarter, compared to analysts’ expectations of $24.28 million. On average, equities research analysts anticipate that BRT Apartments Corp. will post 1.5 EPS for the current year.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.00 dividend on an annualized basis and a yield of 6.7%. BRT Apartments’s dividend payout ratio is -153.85%.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently added to or reduced their stakes in BRT. Russell Investments Group Ltd. lifted 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 buying an additional 1,539 shares during the period. Osaic Holdings Inc. grew its holdings in shares of BRT Apartments by 111.8% in the second 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 period. CANADA LIFE ASSURANCE Co increased its position in BRT Apartments by 1,171.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,910 shares during the last quarter. Strs Ohio purchased a new stake in BRT Apartments during the first quarter valued at $39,000. Finally, BNP Paribas Financial Markets lifted its holdings in BRT Apartments by 388.9% in the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 2,497 shares during the period. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

BRT Apartments Company Profile

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.