BRT Apartments (NYSE:BRT) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

BRT Apartments (NYSE:BRTGet Free Report) issued its earnings results on Monday. The financial services provider reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01, Zacks reports. BRT Apartments had a negative return on equity of 7.28% and a negative net margin of 13.22%.The business had revenue of $24.47 million during the quarter, compared to analyst estimates of $24.59 million.

BRT Apartments Price Performance

Shares of NYSE:BRT traded up $0.01 during trading on Wednesday, reaching $14.12. 1,354 shares of the company traded hands, compared to its average volume of 42,198. The firm has a market capitalization of $265.81 million, a PE ratio of -20.18 and a beta of 0.85. BRT Apartments has a 52 week low of $13.18 and a 52 week 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’s 50 day moving average is $14.85 and its two-hundred day moving average is $14.54.

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 given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.00 annualized dividend and a yield of 7.1%. BRT Apartments’s dividend payout ratio (DPR) is -153.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Zacks Research raised BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Finally, Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.75.

Read Our Latest Stock Report on BRT

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently bought and sold shares of BRT. Osaic Holdings Inc. lifted its holdings in shares of BRT Apartments by 111.8% during the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 955 shares during the period. Russell Investments Group Ltd. increased its stake in shares of BRT Apartments by 725.9% in the third 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. Geode Capital Management LLC lifted its stake in shares of 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 worth $4,522,000 after acquiring an additional 1,837 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in BRT Apartments by 1,171.8% in 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. Finally, Strs Ohio bought a new position in BRT Apartments during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.

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Earnings History for BRT Apartments (NYSE:BRT)

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