BRT Apartments (NYSE:BRT – Get 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
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
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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