BRT Apartments Corp. (NYSE:BRT) Given Consensus Rating of “Hold” by Brokerages

BRT Apartments Corp. (NYSE:BRT) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.75.

A number of analysts have weighed in on the company. Zacks Research upgraded BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Citigroup reissued a “market outperform” rating on shares of BRT Apartments in a research note on Friday, May 29th. Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th.

BRT Apartments Trading Down 0.6%

BRT opened at $14.97 on Wednesday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.14 and a current ratio of 2.14. The stock’s 50 day moving average price is $14.78 and its 200-day moving average price is $14.55. BRT Apartments has a one year low of $13.18 and a one year high of $16.69. The stock has a market cap of $281.75 million, a price-to-earnings ratio of -23.03 and a beta of 0.85.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.The firm had revenue of $24.61 million during the quarter, compared to analyst estimates of $24.28 million. On average, equities analysts forecast that BRT Apartments will post 1.5 EPS for the current year.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, June 25th. BRT Apartments’s dividend payout ratio is currently -153.85%.

Institutional Trading of BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of BRT. Goldman Sachs Group Inc. boosted its holdings in shares of BRT Apartments by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 5,035 shares during the period. Strs Ohio purchased a new position in BRT Apartments during the 1st quarter worth $39,000. Geode Capital Management LLC raised its position in BRT Apartments by 0.6% during the 2nd 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. BNP Paribas Financial Markets lifted its holdings in shares of BRT Apartments by 388.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after buying an additional 2,497 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of BRT Apartments by 22.4% in the 2nd quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider’s stock worth $367,000 after buying an additional 4,286 shares during the period. 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.