BRT Apartments Corp. (NYSE:BRT) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of BRT Apartments Corp. (NYSE:BRT) have received a consensus recommendation of “Hold” from the four analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.00.

BRT has been the topic of several research analyst reports. Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Zacks Research upgraded shares of BRT Apartments to a “hold” rating in a research report on Monday, July 13th. Citizens Jmp reaffirmed a “market outperform” rating and set a $20.00 price objective on shares of BRT Apartments in a report on Thursday, August 20th. Finally, Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research report on Thursday, August 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in BRT Apartments in the second quarter valued at approximately $16,311,000. Bank of New York Mellon Corp acquired a new stake in BRT Apartments during the 2nd quarter worth $1,336,000. Root Financial Partners LLC bought a new stake in shares of BRT Apartments during the 4th quarter valued at $763,000. Capital Square LLC bought a new stake in shares of BRT Apartments during the 2nd quarter valued at $309,000. Finally, Silverberg Bernstein Capital Management LLC raised its position in shares of BRT Apartments by 14.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after acquiring an additional 20,170 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Stock Up 0.0%

Shares of NYSE BRT opened at $13.30 on Monday. The firm’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $14.42. The company has a market cap of $250.00 million, a price-to-earnings ratio of -19.01 and a beta of 0.86. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.16. BRT Apartments has a 12-month low of $13.18 and a 12-month high of $15.97.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. BRT Apartments had a negative net margin of 13.22% and a negative return on equity of 7.46%. The firm had revenue of $24.47 million during the quarter, compared to analysts’ expectations of $24.36 million. On average, research analysts expect that BRT Apartments will post 1.46 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, September 28th. BRT Apartments’s dividend payout ratio (DPR) is presently -142.86%.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership and operation of multifamily apartment communities. Through its property portfolio and joint-venture investments, the company provides residential rental housing to individuals and families.

The company’s activities include acquiring, developing, repositioning, renovating and managing apartment properties. Its communities generally operate under the BRT Apartments name or other property-specific brands and offer conventional rental housing with amenities and services intended to support residents.

BRT primarily targets markets in the Sun Belt and other growing regions of the United States, with a focus on multifamily properties in the Southeast and Southwest.