BRT Apartments Corp. (NYSE:BRT) declared a quarterly dividend on Thursday, June 10th, Wall Street Journal reports. Investors of record on Friday, June 25th will be paid a dividend of 0.22 per share by the financial services provider on Friday, July 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Thursday, June 24th.
BRT Apartments has increased its dividend by 144.4% over the last three years and has increased its dividend every year for the last 1 years.
BRT Apartments stock traded down $0.11 during trading hours on Thursday, reaching $17.75. 39,975 shares of the company were exchanged, compared to its average volume of 51,015. BRT Apartments has a 12 month low of $9.95 and a 12 month high of $21.70. The firm has a market capitalization of $312.10 million, a price-to-earnings ratio of -16.24 and a beta of 1.25. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $17.88.
Several equities research analysts have recently issued reports on BRT shares. TheStreet raised BRT Apartments from a “d+” rating to a “c-” rating in a research report on Tuesday, March 23rd. B. Riley lifted their price target on BRT Apartments from $16.50 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 17th. DA Davidson upped their price target on BRT Apartments from $15.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, March 15th. Finally, Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, March 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BRT Apartments presently has an average rating of “Buy” and a consensus target price of $21.25.
In related news, EVP Mitchell Gould sold 3,236 shares of the business’s stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $18.63, for a total transaction of $60,286.68. Following the transaction, the executive vice president now directly owns 175,590 shares in the company, valued at $3,271,241.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 38.50% of the stock is owned by company insiders.
BRT Apartments Company Profile
BRT is a real estate investment trust that owns, operates and develops multi-family properties.
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