BRT Apartments Corp (BRT) Declares Quarterly Dividend of $0.20

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BRT Apartments Corp (NYSE:BRT) announced a quarterly dividend on Tuesday, June 12th, Zacks reports. Shareholders of record on Monday, June 25th will be given a dividend of 0.20 per share by the financial services provider on Friday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Friday, June 22nd.

BRT Apartments opened at $13.03 on Friday, according to Marketbeat Ratings. The stock has a market capitalization of $186.89 million, a PE ratio of 13.57 and a beta of 0.47. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 2.68. BRT Apartments has a 12 month low of $7.36 and a 12 month high of $13.99.

BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.60. The firm had revenue of $29.65 million for the quarter, compared to the consensus estimate of $28.87 million. BRT Apartments had a return on equity of 13.38% and a net margin of 29.70%. analysts predict that BRT Apartments will post 1.06 earnings per share for the current year.

Separately, Zacks Investment Research downgraded BRT Apartments from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.56.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended March 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website at: http://brtapartments.com/investor_relations for further details.

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