BRT Apartments Corp (NYSE:BRT) announced a 0.20000 dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Wednesday, September 25th will be paid a dividend of 0.22 per share by the financial services provider on Thursday, October 10th. This represents a dividend yield of 6%. The ex-dividend date is Tuesday, September 24th.
BRT Apartments has a dividend payout ratio of 93.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect BRT Apartments to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 92.6%.
Shares of BRT Apartments stock opened at $14.31 on Monday. The stock has a market capitalization of $238.77 million, a P/E ratio of 14.75 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.22. The company has a 50-day simple moving average of $14.27 and a 200 day simple moving average of $13.76. BRT Apartments has a 12-month low of $10.91 and a 12-month high of $15.05.
BRT Apartments (NYSE:BRT) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.48). The firm had revenue of $33.12 million for the quarter, compared to analyst estimates of $32.27 million. BRT Apartments had a negative return on equity of 1.25% and a negative net margin of 2.84%. On average, equities analysts anticipate that BRT Apartments will post 0.84 earnings per share for the current year.
BRT has been the subject of several research reports. National Securities initiated coverage on shares of BRT Apartments in a research report on Wednesday, July 24th. They issued a “buy” rating for the company. DA Davidson restated a “buy” rating on shares of BRT Apartments in a research report on Monday, July 29th. Finally, Zacks Investment Research cut shares of BRT Apartments from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.17.
About BRT Apartments
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.
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