BRT Apartments Corp. (NYSE:BRT) Declares $0.25 Quarterly Dividend

BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend on Wednesday, March 11th. Investors of record on Friday, March 27th will be given a dividend of 0.25 per share by the financial services provider on Monday, April 6th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, March 27th.

BRT Apartments has raised its dividend by an average of 0.0%annually over the last three years. BRT Apartments has a dividend payout ratio of -181.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect BRT Apartments to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 69.0%.

BRT Apartments Stock Performance

BRT Apartments stock opened at $14.33 on Thursday. The stock has a fifty day moving average price of $14.72 and a 200 day moving average price of $14.97. BRT Apartments has a 52 week low of $14.00 and a 52 week high of $19.01. The firm has a market capitalization of $272.56 million, a P/E ratio of -28.10 and a beta of 0.91. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.58.

Analyst Ratings Changes

A number of research firms have recently commented on BRT. Citizens Jmp dropped their price objective on shares of BRT Apartments from $24.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of BRT Apartments in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.75.

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.