BRT Apartments (NYSE:BRT) Price Target Raised to $21.00

BRT Apartments (NYSE:BRT) had its price target boosted by B. Riley from $20.50 to $21.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for BRT Apartments’ Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.41 EPS.

Separately, JMP Securities restated a market outperform rating and issued a $24.00 price target on shares of BRT Apartments in a report on Tuesday, May 21st.

BRT Apartments Stock Performance

Shares of BRT Apartments stock opened at $19.00 on Thursday. The business has a 50-day moving average price of $18.23 and a two-hundred day moving average price of $17.52. BRT Apartments has a 1-year low of $15.21 and a 1-year high of $20.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.14. The company has a market cap of $354.18 million, a P/E ratio of 86.36, a PEG ratio of 2.02 and a beta of 1.07.

BRT Apartments (NYSE:BRT) last issued its earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.50). The business had revenue of $23.86 million during the quarter, compared to the consensus estimate of $23.45 million. BRT Apartments had a negative return on equity of 3.89% and a negative net margin of 9.24%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, analysts anticipate that BRT Apartments will post 1.5 EPS for the current year.

BRT Apartments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.26%. The ex-dividend date is Tuesday, September 24th. BRT Apartments’s payout ratio is currently 454.55%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Oppenheimer & Close LLC increased its holdings in BRT Apartments by 3.4% during the 1st quarter. Oppenheimer & Close LLC now owns 347,774 shares of the financial services provider’s stock worth $5,843,000 after purchasing an additional 11,287 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BRT Apartments by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after purchasing an additional 3,552 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BRT Apartments by 5.7% in the second 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 in the last quarter. Finally, Albert D Mason Inc. boosted its position in shares of BRT Apartments by 0.9% during the first quarter. Albert D Mason Inc. now owns 68,740 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 620 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

About BRT Apartments

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.