BRT Apartments Corp. (NYSE:BRT) Short Interest Down 27.5% in April

BRT Apartments Corp. (NYSE:BRTGet Rating) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 100,100 shares, a decline of 27.5% from the March 31st total of 138,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is currently 1.6 days.

A number of equities analysts have recently weighed in on BRT shares. Zacks Investment Research raised BRT Apartments from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, March 22nd. B. Riley raised BRT Apartments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $29.00 in a report on Monday, March 21st. StockNews.com started coverage on BRT Apartments in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JMP Securities reissued a “buy” rating and issued a $28.00 price target on shares of BRT Apartments in a report on Wednesday, March 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, BRT Apartments currently has a consensus rating of “Buy” and a consensus price target of $27.25.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in BRT Apartments by 6.8% during the fourth quarter. Bank of America Corp DE now owns 9,164 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 581 shares during the period. Barclays PLC grew its position in BRT Apartments by 24.4% during the third quarter. Barclays PLC now owns 4,687 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 919 shares during the period. Royal Bank of Canada grew its position in BRT Apartments by 33.6% during the second quarter. Royal Bank of Canada now owns 3,975 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,000 shares during the period. Invesco Ltd. grew its position in BRT Apartments by 7.3% during the third quarter. Invesco Ltd. now owns 15,599 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 1,065 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in BRT Apartments by 5.1% during the fourth quarter. Parametric Portfolio Associates LLC now owns 24,258 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 1,169 shares during the period. Hedge funds and other institutional investors own 28.28% of the company’s stock.

BRT Apartments stock traded down $0.92 during trading on Monday, hitting $20.97. The company’s stock had a trading volume of 788 shares, compared to its average volume of 60,949. The stock has a market capitalization of $389.35 million, a price-to-earnings ratio of 13.77, a P/E/G ratio of 2.81 and a beta of 1.29. The stock’s fifty day moving average is $23.27 and its 200 day moving average is $21.68. BRT Apartments has a 1-year low of $16.03 and a 1-year high of $25.31. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.99 and a current ratio of 1.99.

BRT Apartments (NYSE:BRTGet Rating) last released its earnings results on Monday, March 14th. The financial services provider reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). BRT Apartments had a return on equity of 15.32% and a net margin of 90.82%. During the same period last year, the company earned $0.33 earnings per share. On average, research analysts anticipate that BRT Apartments will post 1.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $0.92 annualized dividend and a yield of 4.39%. BRT Apartments’s payout ratio is currently 57.86%.

About BRT Apartments (Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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