BRT Apartments Corp. (NYSE:BRT) Short Interest Update

BRT Apartments Corp. (NYSE:BRT) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 96,800 shares, an increase of 9.0% from the October 15th total of 88,800 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is currently 3.6 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On BRT Apartments

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of BRT Apartments by 187.0% in the 1st quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock worth $139,000 after buying an additional 5,384 shares during the last quarter. Vanguard Group Inc. increased its stake in BRT Apartments by 1.6% during the first quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock worth $10,357,000 after acquiring an additional 9,483 shares during the last quarter. Clear Creek Financial Management LLC raised its position in BRT Apartments by 4.7% during the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 680 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of BRT Apartments by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock valued at $1,699,000 after purchasing an additional 5,207 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in shares of BRT Apartments by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,251 shares during the period. Institutional investors own 29.07% of the company’s stock.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $19.42 on Tuesday. The company has a market capitalization of $365.29 million, a price-to-earnings ratio of -36.11, a PEG ratio of 2.25 and a beta of 1.07. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The stock’s 50-day simple moving average is $17.80 and its 200-day simple moving average is $17.85. BRT Apartments has a 52 week low of $15.21 and a 52 week high of $20.12.

BRT Apartments (NYSE:BRT) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.80 million. BRT Apartments had a negative return on equity of 4.33% and a negative net margin of 9.94%. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, analysts expect that BRT Apartments will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Tuesday, September 24th. BRT Apartments’s dividend payout ratio (DPR) is presently -188.68%.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their target price on shares of BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.