Shares of BRT Apartments Corp. (NYSE:BRT – Get 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
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:BRT – Get 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
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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