BRT Apartments (NYSE:BRT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

BRT Apartments Corp. (NYSE:BRT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.53 and traded as high as $15.34. BRT Apartments shares last traded at $14.91, with a volume of 22,452 shares trading hands.

Analyst Ratings Changes

BRT has been the topic of several recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a research report on Friday, May 29th. Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BRT Apartments presently has an average rating of “Moderate Buy” and a consensus price target of $19.75.

BRT Apartments Price Performance

The business has a fifty day moving average of $14.68 and a 200 day moving average of $14.53. The firm has a market cap of $280.61 million, a P/E ratio of -22.94 and a beta of 0.85. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00.

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

BRT Apartments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be given 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 is Thursday, June 25th. BRT Apartments’s payout ratio is -153.85%.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in BRT Apartments in the 4th quarter valued at about $763,000. Oppenheimer & Close LLC boosted its holdings in shares of BRT Apartments by 9.9% during the fourth quarter. Oppenheimer & Close LLC now owns 377,672 shares of the financial services provider’s stock worth $5,552,000 after acquiring an additional 33,913 shares during the period. JPMorgan Chase & Co. grew its position in shares of BRT Apartments by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 18,826 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 4,537 shares during the last quarter. Brookwood Investment Group LLC increased its stake in shares of BRT Apartments by 13.1% during the fourth quarter. Brookwood Investment Group LLC now owns 19,220 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 2,219 shares during the period. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings in BRT Apartments by 13.0% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 135,555 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 15,628 shares during 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.