BRT Apartments (NYSE:BRT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

BRT Apartments Corp. (NYSE:BRT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.51 and traded as high as $14.89. BRT Apartments shares last traded at $14.7780, with a volume of 77,346 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on BRT shares. Citigroup reiterated a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Weiss Ratings downgraded BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Finally, Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.75.

BRT Apartments Price Performance

The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. The company’s 50-day simple moving average is $14.48 and its 200-day simple moving average is $14.51. The stock has a market capitalization of $278.12 million, a P/E ratio of -22.74 and a beta of 0.86.

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

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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, June 25th. BRT Apartments’s dividend payout ratio (DPR) is -153.85%.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors have recently bought and sold shares of BRT. Russell Investments Group Ltd. raised its stake 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 valued at $27,000 after buying an additional 1,539 shares during the period. Osaic Holdings Inc. boosted its stake in shares of BRT Apartments by 111.8% during the 2nd 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 period. CANADA LIFE ASSURANCE Co increased its holdings in shares of BRT Apartments by 1,171.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,910 shares during the last quarter. Strs Ohio bought a new stake in BRT Apartments in the 1st quarter valued at $39,000. Finally, BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 2,497 shares during the period. Institutional investors and hedge funds 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.