BRT Apartments Corp. (NYSE:BRT) Receives $19.75 Average Price Target from Analysts

Shares of BRT Apartments Corp. (NYSE:BRT) have received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.75.

Several research analysts have issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research note on Friday, May 29th. Zacks Research raised shares of BRT Apartments to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd.

BRT Apartments Stock Up 0.1%

NYSE BRT opened at $14.91 on Wednesday. BRT Apartments has a 1-year low of $13.18 and a 1-year high of $16.69. The company has a market capitalization of $280.70 million, a price-to-earnings ratio of -22.95 and a beta of 0.85. The stock’s 50 day moving average is $14.76 and its two-hundred day moving average is $14.55. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.00.

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

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 6.7%. BRT Apartments’s dividend payout ratio (DPR) is presently -153.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew 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 worth $27,000 after acquiring an additional 1,539 shares during the last quarter. Osaic Holdings Inc. boosted its stake in BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 955 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of 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 worth $30,000 after purchasing an additional 1,910 shares during the last quarter. Strs Ohio bought a new stake in shares of BRT Apartments during the first quarter worth $39,000. Finally, BNP Paribas Financial Markets increased its stake in shares of BRT Apartments by 388.9% in the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock valued at $49,000 after buying an additional 2,497 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

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.