BRT Apartments Corp. (NYSE:BRT) to Issue Quarterly Dividend of $0.25

BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend on Wednesday, June 10th. Shareholders of record on Thursday, June 25th will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 9th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, June 25th.

BRT Apartments has raised its dividend payment by an average of 0.0%annually over the last three years. BRT Apartments has a dividend payout ratio of -181.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

BRT Apartments Stock Up 1.6%

BRT stock opened at $15.01 on Thursday. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $282.49 million, a price-to-earnings ratio of -23.09 and a beta of 0.86. The business’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $14.49. BRT Apartments has a fifty-two week low of $13.18 and a fifty-two week high of $16.69.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. The firm had revenue of $24.61 million for the quarter, compared to analysts’ expectations of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.

Analyst Ratings Changes

A number of research analysts recently commented on BRT shares. Weiss Ratings upgraded BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

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.