B. Riley Comments on BRT Apartments Corp.’s FY2025 Earnings (NYSE:BRT)

BRT Apartments Corp. (NYSE:BRT) – Equities research analysts at B. Riley issued their FY2025 EPS estimates for shares of BRT Apartments in a research note issued to investors on Wednesday, April 10th. B. Riley analyst J. Massocca expects that the financial services provider will post earnings of $1.21 per share for the year. B. Riley currently has a “Buy” rating and a $19.50 target price on the stock.

Separately, JMP Securities dropped their price objective on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th.

BRT Apartments Stock Performance

NYSE:BRT opened at $17.64 on Friday. The firm’s 50-day moving average is $16.31 and its 200-day moving average is $17.26. BRT Apartments has a 52-week low of $15.21 and a 52-week high of $20.69. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $327.75 million, a price-to-earnings ratio of 98.01 and a beta of 1.15.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in BRT Apartments by 2.1% in the second quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider’s stock valued at $580,000 after buying an additional 549 shares in the last quarter. Deutsche Bank AG boosted its position in BRT Apartments by 1.3% in the third quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock valued at $822,000 after buying an additional 632 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position in BRT Apartments by 83.9% in the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after buying an additional 635 shares in the last quarter. State Street Corp boosted its position in BRT Apartments by 0.3% in the second quarter. State Street Corp now owns 230,808 shares of the financial services provider’s stock valued at $4,628,000 after buying an additional 704 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in BRT Apartments by 18.6% in the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after buying an additional 871 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BRT Apartments

In other BRT Apartments news, major shareholder Investors L. P. Gould bought 12,299 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of $16.85 per share, with a total value of $207,238.15. Following the completion of the purchase, the insider now directly owns 3,644,628 shares in the company, valued at approximately $61,411,981.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BRT Apartments news, major shareholder Investors L. P. Gould bought 12,299 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of $16.85 per share, with a total value of $207,238.15. Following the completion of the purchase, the insider now directly owns 3,644,628 shares in the company, valued at approximately $61,411,981.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew J. Gould purchased 11,200 shares of BRT Apartments stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $16.14 per share, for a total transaction of $180,768.00. Following the completion of the transaction, the senior vice president now owns 3,547,873 shares of the company’s stock, valued at $57,262,670.22. The disclosure for this purchase can be found here. Insiders have acquired a total of 65,587 shares of company stock valued at $1,078,897 over the last quarter. 38.30% of the stock is owned by company insiders.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.00 dividend on an annualized basis and a yield of 5.67%. BRT Apartments’s payout ratio is currently 555.59%.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.