BRT Apartments Corp. (NYSE:BRT) Given Consensus Recommendation of “Hold” by Brokerages

BRT Apartments Corp. (NYSE:BRT) has been assigned an average recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.75.

BRT has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Zacks Research raised shares of BRT Apartments to a “hold” rating in a research note on Monday, July 13th.

Hedge Funds Weigh In On BRT Apartments

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in BRT Apartments in the second quarter valued at approximately $16,311,000. Great Lakes Advisors LLC acquired a new position in shares of BRT Apartments during the 2nd quarter worth approximately $1,995,000. Bank of New York Mellon Corp acquired a new position in shares of BRT Apartments during the 2nd quarter worth approximately $1,694,000. Jane Street Group LLC purchased a new position in shares of BRT Apartments during the 4th quarter valued at approximately $895,000. Finally, Root Financial Partners LLC purchased a new position in shares of BRT Apartments during the 4th quarter valued at approximately $763,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Trading Up 0.6%

Shares of NYSE:BRT opened at $14.38 on Friday. BRT Apartments has a 12-month low of $13.18 and a 12-month high of $16.69. The company has a market capitalization of $270.26 million, a PE ratio of -20.55 and a beta of 0.85. The business has a 50 day moving average of $14.85 and a two-hundred day moving average of $14.53. The company has a current ratio of 1.75, a quick ratio of 2.14 and a debt-to-equity ratio of 3.16.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.19) EPS 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 analysts’ expectations of $24.36 million. BRT Apartments had a negative net margin of 13.22% and a negative return on equity of 7.46%. As a group, analysts forecast that BRT Apartments will post 1.5 EPS for the current year.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Thursday, June 25th. BRT Apartments’s payout ratio is currently -142.86%.

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.