BRT Apartments (NYSE:BRT) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

BRT Apartments Corp. (NYSE:BRT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.56 and traded as high as $14.59. BRT Apartments shares last traded at $14.4750, with a volume of 60,926 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BRT. Zacks Research upgraded shares of BRT Apartments to a “hold” rating in a research report on Monday, July 13th. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a research note on Friday, May 29th. Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a research note 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, July 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.75.

BRT Apartments Trading Up 2.1%

The company has a 50 day moving average price of $14.86 and a 200 day moving average price of $14.56. The firm has a market cap of $272.42 million, a price-to-earnings ratio of -22.27 and a beta of 0.85. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.14 and a current ratio of 2.14.

BRT Apartments (NYSE:BRT) last released its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $24.61 million during the quarter, compared to the consensus estimate of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%. On average, research analysts expect that BRT Apartments Corp. will post 1.5 earnings per share for the current year.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.00 annualized dividend and a yield of 6.9%. BRT Apartments’s dividend payout ratio is -153.85%.

Institutional Trading of BRT Apartments

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 1,539 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of BRT Apartments by 1,171.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,910 shares during the last quarter. Strs Ohio acquired a new stake in shares of BRT Apartments in the 1st quarter valued at $39,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 purchasing an additional 2,497 shares in the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

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.