BRT Apartments Corp. (BRT) to Issue Quarterly Dividend of $0.25 on October 6th

BRT Apartments Corp. (NYSE:BRT) announced a quarterly dividend on Thursday, September 17th. Investors of record on Monday, September 28th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 28th.

BRT Apartments has raised its dividend by an average of 0.0%per year 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 $1.54 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 64.9%.

BRT Apartments Stock Up 0.4%

NYSE:BRT opened at $13.87 on Friday. BRT Apartments has a twelve month low of $13.18 and a twelve month high of $16.60. The firm has a market capitalization of $260.62 million, a price-to-earnings ratio of -19.81 and a beta of 0.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.16. The stock’s 50 day moving average price is $14.56 and its two-hundred day moving average price is $14.48.

BRT Apartments (NYSE:BRT) last released its earnings results 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 business had revenue of $24.47 million during the quarter, compared to analysts’ expectations of $24.36 million. Equities research analysts expect that BRT Apartments will post 1.46 earnings per share for the current fiscal year.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership, operation and development of multifamily residential properties. Its portfolio primarily consists of apartment communities, including garden-style properties, that generate rental income from individual residents.

The company invests in and manages multifamily properties in selected markets across the United States, with a focus on regions including the Southeast, Texas and Arizona. Its activities include acquiring apartment communities, overseeing property operations, and pursuing renovations or other improvements intended to support the long-term performance of its residential portfolio.

BRT Apartments Corp.