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

BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend on Wednesday, June 10th. Investors 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) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, June 25th.

BRT Apartments has raised its dividend by an average of 0.0%annually over the last three years. BRT Apartments has a 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%

Shares of NYSE BRT opened at $15.01 on Thursday. The firm has a market cap of $282.49 million, a price-to-earnings ratio of -23.09 and a beta of 0.86. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00. BRT Apartments has a 52-week low of $13.18 and a 52-week high of $16.69. The business’s 50 day moving average is $14.32 and its two-hundred day moving average is $14.49.

BRT Apartments (NYSE:BRT) last posted its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $24.61 million for the quarter, compared to analyst estimates of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.

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.