BRT Apartments (NYSE:BRT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of BRT Apartments Corp. (NYSE:BRT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.48 and traded as high as $14.75. BRT Apartments shares last traded at $14.3290, with a volume of 23,276 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on BRT. Weiss Ratings upgraded BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research note on Friday. Finally, Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BRT Apartments has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

BRT Apartments Trading Down 1.1%

The firm has a market capitalization of $269.67 million, a price-to-earnings ratio of -22.04 and a beta of 0.86. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. The firm’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $14.48.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. The business had revenue of $24.61 million during the quarter, compared to the consensus estimate of $24.28 million.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 27th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 7.0%. BRT Apartments’s dividend payout ratio is -153.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRT. Goldman Sachs Group Inc. increased its holdings in shares of BRT Apartments by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock worth $634,000 after buying an additional 5,035 shares in the last quarter. Strs Ohio acquired a new position in shares of BRT Apartments during the first quarter worth $39,000. Geode Capital Management LLC increased its holdings in shares of 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. BNP Paribas Financial Markets increased its holdings in shares of BRT Apartments by 388.9% during the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after buying an additional 2,497 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of BRT Apartments by 22.4% during the second quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider’s stock worth $367,000 after buying an additional 4,286 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

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.