BRT Apartments Corp. (NYSE:BRT) Receives Average Recommendation of “Hold” from Analysts

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

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Zacks Research raised BRT Apartments to a “hold” rating in a research 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 note on Wednesday, August 26th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of BRT Apartments in a report on Thursday, August 20th. Finally, Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a research note on Thursday, August 20th.

Institutional Trading of BRT Apartments

A number of hedge funds and other institutional investors have recently bought and sold shares of BRT. Goldman Sachs Group Inc. boosted its position in shares of BRT Apartments by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 5,035 shares in the last quarter. Strs Ohio purchased a new stake in BRT Apartments during the first quarter worth approximately $39,000. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 1,837 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 2,497 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in BRT Apartments by 22.4% in the second quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 4,286 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Stock Performance

Shares of BRT stock opened at $14.48 on Thursday. The firm has a 50 day moving average of $14.77 and a two-hundred day moving average of $14.52. The stock has a market capitalization of $272.15 million, a PE ratio of -20.69 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. BRT Apartments has a 52 week low of $13.18 and a 52 week high of $16.69.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The business had revenue of $24.47 million for the quarter, compared to analyst estimates of $24.36 million. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%. On average, research analysts predict that BRT Apartments will post 1.46 EPS for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.9%. BRT Apartments’s payout ratio is presently -142.86%.

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.