BRT Apartments Corp. (NYSE:BRT) Receives Average Recommendation of “Hold” from Brokerages

Shares of BRT Apartments Corp. (NYSE:BRTGet Free Report) have received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.75.

Several research analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research note on Friday, May 29th. Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Zacks Research upgraded BRT Apartments to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th.

Read Our Latest Stock Report on BRT

Hedge Funds Weigh In On BRT Apartments

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of BRT Apartments by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 5,035 shares during the period. Strs Ohio bought a new position in BRT Apartments in the first quarter valued at about $39,000. Geode Capital Management LLC lifted its holdings in BRT Apartments by 0.6% in the second quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock valued at $4,522,000 after acquiring an additional 1,837 shares during the period. BNP Paribas Financial Markets boosted its position 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 worth $49,000 after purchasing an additional 2,497 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in BRT Apartments by 22.4% in the second quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 4,286 shares during the last quarter. 29.07% of the stock is owned by institutional investors.

BRT Apartments Price Performance

Shares of NYSE BRT opened at $14.44 on Friday. The firm has a market cap of $271.82 million, a P/E ratio of -22.22 and a beta of 0.85. BRT Apartments has a twelve month low of $13.18 and a twelve month high of $16.69. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00. The company has a 50 day moving average of $14.86 and a 200 day moving average of $14.56.

BRT Apartments (NYSE:BRTGet Free Report) last issued its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The business had revenue of $24.61 million for the quarter, compared to the consensus estimate of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%. As a group, research analysts expect that BRT Apartments will post 1.5 EPS for the current fiscal year.

BRT Apartments Announces Dividend

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 6.9%. BRT Apartments’s dividend payout ratio is -153.85%.

BRT Apartments Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for BRT Apartments (NYSE:BRT)

Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.