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

BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend on Wednesday, March 11th. Stockholders of record on Friday, March 27th will be given a dividend of 0.25 per share by the financial services provider on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, March 27th.

BRT Apartments has raised its dividend by an average of 0.0%annually over the last three years. BRT Apartments has a dividend payout ratio of -181.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BRT Apartments to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 69.0%.

BRT Apartments Stock Performance

Shares of BRT opened at $14.33 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.58. BRT Apartments has a 52-week low of $14.00 and a 52-week high of $19.01. The company has a 50-day simple moving average of $14.72 and a 200-day simple moving average of $14.97. The company has a market capitalization of $272.56 million, a PE ratio of -28.10 and a beta of 0.91.

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.