BRT Apartments Corp. (NYSE:BRT) Receives $19.75 Consensus PT from Analysts

BRT Apartments Corp. (NYSE:BRT) has been given an average recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.75.

BRT has been the subject of several recent research reports. Zacks Research upgraded BRT Apartments to a “hold” rating in a report on Monday, July 13th. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research note on Friday, May 29th. Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings lowered shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday.

BRT Apartments Price Performance

BRT stock opened at $14.32 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.14 and a current ratio of 2.14. The business has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $14.54. The company has a market capitalization of $269.00 million, a P/E ratio of -20.45 and a beta of 0.85. BRT Apartments has a 52-week low of $13.18 and a 52-week high of $16.69.

BRT Apartments (NYSE:BRT) last issued 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. BRT Apartments had a negative return on equity of 7.28% and a negative net margin of 13.22%.The firm had revenue of $24.47 million during the quarter, compared to the consensus estimate of $24.36 million. Research analysts expect that BRT Apartments will post 1.5 EPS for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 25th. BRT Apartments’s dividend payout ratio (DPR) is presently -142.86%.

Institutional Investors Weigh In On BRT Apartments

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in BRT Apartments by 725.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,539 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of BRT Apartments by 111.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after buying an additional 955 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of BRT Apartments by 1,171.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,910 shares during the last quarter. Strs Ohio purchased a new position in shares of BRT Apartments in the 1st quarter worth approximately $39,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of BRT Apartments by 388.9% in the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 2,497 shares in the last quarter. 29.07% of the stock is owned by institutional investors.

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.