BRT Apartments (NYSE:BRT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

BRT Apartments Corp. (NYSE:BRT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.52 and traded as high as $15.63. BRT Apartments shares last traded at $15.45, with a volume of 254,403 shares traded.

Wall Street Analyst Weigh In

BRT has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 18th. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

BRT Apartments Trading Up 5.0%

The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $290.77 million, a PE ratio of -23.77 and a beta of 0.86. The stock has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $14.52.

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 firm had revenue of $24.61 million for the quarter, compared to the consensus estimate of $24.28 million.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, June 25th. BRT Apartments’s payout ratio is currently -153.85%.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in BRT Apartments by 725.9% in the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,539 shares in the last quarter. Osaic Holdings Inc. increased its stake in BRT Apartments by 111.8% during the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 955 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in BRT Apartments by 1,171.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,910 shares during the period. Strs Ohio bought a new stake in shares of BRT Apartments in the 1st quarter valued at approximately $39,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of BRT Apartments by 388.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 2,497 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.