BRT Apartments Corp. (BRT) to Issue Quarterly Dividend of $0.25 on July 9th

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

BRT Apartments has increased 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.

BRT Apartments Trading Down 0.3%

NYSE BRT opened at $14.93 on Friday. The company’s 50-day moving average price is $14.35 and its 200-day moving average price is $14.50. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.00. The stock has a market cap of $280.92 million, a PE ratio of -22.96 and a beta of 0.86. BRT Apartments has a 12 month low of $13.18 and a 12 month high of $16.69.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.59% and a negative return on equity of 6.77%.

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.