BRT Apartments Corp. (NYSE:BRT) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Five analysts cover BRT Apartments, with three buys, one hold and one sell. Their average 12-month price target is $19.75 versus the stock’s recent price of $14.44.
• Quarterly results beat expectations: BRT reported a loss of $0.14 per share, better than the expected $0.20 loss, while revenue of $24.61 million exceeded estimates of $24.28 million.
• The stock offers a high dividend yield: BRT paid a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 6.9% yield, though its negative payout ratio reflects losses.

Shares of BRT Apartments Corp. (NYSE:BRT - Get Free Report) have received an average rating of "Hold" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.75.

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

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $14.44 on Friday. The company's fifty day simple moving average is $14.86 and its two-hundred day simple moving average is $14.56. The firm has a market cap of $271.82 million, a PE ratio of -22.22 and a beta of 0.85. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.00. BRT Apartments has a 12-month low of $13.18 and a 12-month high of $16.69.

BRT Apartments (NYSE:BRT - Get Free Report) last announced its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.06. The firm had revenue of $24.61 million for the quarter, compared to analyst estimates of $24.28 million. BRT Apartments had a negative net margin of 12.59% and a negative return on equity of 6.77%. As a group, equities analysts expect that BRT Apartments will post 1.5 EPS for the current year.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, June 25th. BRT Apartments's dividend payout ratio (DPR) is presently -153.85%.

Institutional Investors Weigh In On BRT Apartments

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in shares of BRT Apartments by 725.9% during 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. boosted its stake in 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 in the last quarter. CANADA LIFE ASSURANCE Co grew its position in BRT Apartments by 1,171.8% during 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 purchased a new stake in BRT Apartments during the 1st quarter valued at about $39,000. Finally, BNP Paribas Financial Markets increased its stake in BRT Apartments by 388.9% during 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 owned by 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.

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