BRT Apartments Corp. (NYSE:BRT) Receives Average Recommendation of “Hold” from Brokerages

Shares of BRT Apartments Corp. (NYSE:BRT) have been given an average recommendation of “Hold” by the four brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of analysts have recently commented on the stock. Weiss Ratings upgraded shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Zacks Research upgraded shares of BRT Apartments to a “hold” rating in a research report on Monday, July 13th. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a research report on Thursday, August 20th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $20.00 target price on shares of BRT Apartments in a research note on Thursday, August 20th.

BRT Apartments Stock Down 0.1%

BRT stock opened at $13.30 on Monday. The stock has a market capitalization of $250.00 million, a P/E ratio of -19.01 and a beta of 0.86. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.75 and a quick ratio of 1.75. BRT Apartments has a 1-year low of $13.18 and a 1-year high of $15.97. The business has a fifty day moving average price of $14.30 and a 200-day moving average price of $14.42.

BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The company had revenue of $24.47 million during the quarter, compared to the consensus estimate of $24.36 million. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%. Equities analysts forecast that BRT Apartments will post 1.46 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, September 28th. BRT Apartments’s dividend payout ratio is -142.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of BRT Apartments during the 2nd quarter valued at approximately $16,311,000. Silverberg Bernstein Capital Management LLC lifted its holdings in 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 purchasing an additional 20,170 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of BRT Apartments in the second quarter worth approximately $1,336,000. Root Financial Partners LLC purchased a new stake in shares of BRT Apartments in the fourth quarter worth $763,000. Finally, Capital Square LLC bought a new stake in shares of BRT Apartments during the 2nd quarter valued at $309,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership, operation and development of multifamily residential properties. Its portfolio primarily consists of apartment communities, including garden-style properties, that generate rental income from individual residents.

The company invests in and manages multifamily properties in selected markets across the United States, with a focus on regions including the Southeast, Texas and Arizona. Its activities include acquiring apartment communities, overseeing property operations, and pursuing renovations or other improvements intended to support the long-term performance of its residential portfolio.

BRT Apartments Corp.