BRT Apartments Corp. (NYSE:BRT) Given Average Recommendation of “Hold” by Analysts

BRT Apartments Corp. (NYSE:BRT) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.75.

Several research firms have recently commented on BRT. Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Zacks Research raised BRT Apartments to a “hold” rating in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research report on Friday, May 29th. Finally, Weiss Ratings raised BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th.

BRT Apartments Price Performance

Shares of BRT stock opened at $14.86 on Wednesday. The stock’s fifty day simple moving average is $14.73 and its 200 day simple moving average is $14.54. BRT Apartments has a one year low of $13.18 and a one year high of $16.69. The firm has a market cap of $279.59 million, a price-to-earnings ratio of -22.86 and a beta of 0.85. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14.

BRT Apartments (NYSE:BRT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $24.61 million for the quarter, compared to analyst estimates of $24.28 million. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. On average, analysts expect that BRT Apartments will post 1.5 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 25th. BRT Apartments’s payout ratio is currently -153.85%.

Institutional Trading of BRT Apartments

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares in the last quarter. Russell Investments Group Ltd. boosted its position in BRT Apartments by 725.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,539 shares during the period. Geode Capital Management LLC grew its holdings in BRT Apartments by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock worth $4,522,000 after acquiring an additional 1,837 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in BRT Apartments by 1,171.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Brookwood Investment Group LLC increased its position in shares of BRT Apartments by 13.1% in the fourth quarter. Brookwood Investment Group LLC now owns 19,220 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 2,219 shares during the period. 29.07% of the stock is owned by institutional investors.

About BRT Apartments

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.