BRT Apartments Corp. (NYSE:BRT) Receives $19.75 Average PT from Analysts

Shares of BRT Apartments Corp. (NYSE:BRT) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.75.

BRT has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th. Zacks Research upgraded BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Finally, Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd.

BRT Apartments Stock Down 1.5%

NYSE BRT opened at $14.91 on Wednesday. BRT Apartments has a 52 week low of $13.18 and a 52 week high of $16.69. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00. The business’s fifty day simple moving average is $14.76 and its 200-day simple moving average is $14.55. The firm has a market cap of $280.70 million, a PE ratio of -22.95 and a beta of 0.85.

BRT Apartments (NYSE:BRT) last issued its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. The company had revenue of $24.61 million for the quarter, compared to the consensus estimate of $24.28 million. As a group, equities analysts anticipate that BRT Apartments will post 1.5 earnings per share for the current year.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid 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 6.7%. BRT Apartments’s payout ratio is presently -153.85%.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of BRT Apartments during the 4th quarter worth $763,000. Silverberg Bernstein Capital Management LLC grew its position in BRT Apartments by 14.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after acquiring an additional 20,170 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in BRT Apartments by 1,171.8% during the fourth 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. Russell Investments Group Ltd. raised its holdings in shares of BRT Apartments by 725.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,539 shares during the period. Finally, Osaic Holdings Inc. raised its holdings 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 worth $28,000 after purchasing an additional 955 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.