BRT Apartments Corp. (NYSE:BRT – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.50 and traded as high as $14.55. BRT Apartments shares last traded at $14.3460, with a volume of 37,958 shares.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BRT. Wall Street Zen raised shares of BRT Apartments from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.75.
Check Out Our Latest Analysis on BRT Apartments
BRT Apartments Price Performance
BRT Apartments (NYSE:BRT – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share 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 the consensus estimate of $24.28 million.
BRT Apartments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.00 annualized dividend and a yield of 7.0%. BRT Apartments’s payout ratio is currently -153.85%.
Hedge Funds Weigh In On BRT Apartments
Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in BRT Apartments by 111.8% during the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in 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 purchasing an additional 1,539 shares in the last quarter. Geode Capital Management LLC lifted its holdings in BRT Apartments by 0.6% during 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 purchasing an additional 1,837 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings 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 purchasing an additional 1,910 shares in the last quarter. Finally, Brookwood Investment Group LLC lifted its holdings in BRT Apartments by 13.1% during the fourth quarter. Brookwood Investment Group LLC now owns 19,220 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 2,219 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.
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.
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