BRT Apartments (NYSE:BRT) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

BRT Apartments Corp. (NYSE:BRT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.52 and traded as high as $14.83. BRT Apartments shares last traded at $14.6260, with a volume of 30,990 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRT. Wall Street Zen raised BRT Apartments from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRT Apartments in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.75.

BRT Apartments Stock Up 1.1%

The stock has a market capitalization of $275.26 million, a P/E ratio of -23.22 and a beta of 0.87. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s fifty day moving average is $14.19 and its two-hundred day moving average is $14.52.

BRT Apartments (NYSE:BRT) last issued its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $24.61 million during the quarter, compared to analysts’ expectations of $24.28 million. BRT Apartments had a negative net margin of 12.31% and a negative return on equity of 6.33%.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Friday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is presently -158.73%.

Institutional Trading of BRT Apartments

A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer & Close LLC boosted its holdings in BRT Apartments by 9.9% during the fourth quarter. Oppenheimer & Close LLC now owns 377,672 shares of the financial services provider’s stock worth $5,552,000 after buying an additional 33,913 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BRT Apartments by 0.6% during the second quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock worth $4,522,000 after buying an additional 1,837 shares in the last quarter. State Street Corp boosted its holdings in BRT Apartments by 3.3% during the fourth quarter. State Street Corp now owns 256,769 shares of the financial services provider’s stock worth $3,837,000 after buying an additional 8,226 shares in the last quarter. Permanens Capital L.P. boosted its holdings in BRT Apartments by 21.4% during the third quarter. Permanens Capital L.P. now owns 201,263 shares of the financial services provider’s stock worth $3,192,000 after buying an additional 35,415 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in BRT Apartments by 26.4% during the fourth quarter. Stifel Financial Corp now owns 169,390 shares of the financial services provider’s stock worth $2,490,000 after buying an additional 35,420 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.

BRT Apartments Company Profile

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.