BRT Apartments Corp. (NYSE:BRT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.49 and traded as high as $15.20. BRT Apartments shares last traded at $15.01, with a volume of 39,609 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Citigroup restated a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.
Get Our Latest Research Report on BRT
BRT Apartments Price Performance
BRT Apartments (NYSE:BRT – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $24.61 million during the quarter, compared to analysts’ expectations of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.
BRT Apartments Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.6%. BRT Apartments’s dividend payout ratio is currently -153.85%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BRT. Public Employees Retirement System of Ohio raised its position in shares of BRT Apartments by 227.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,362 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 8,591 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of BRT Apartments by 14.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after acquiring an additional 20,170 shares in the last quarter. Millennium Management LLC bought a new stake in shares of BRT Apartments during the fourth quarter valued at approximately $330,000. Russell Investments Group Ltd. raised its holdings in BRT Apartments by 107.1% in the 4th quarter. Russell Investments Group Ltd. now owns 3,626 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in BRT Apartments in the 4th quarter worth approximately $304,000. 29.07% of the stock is owned by hedge funds and other institutional investors.
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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