BRT Apartments (NYSE:BRT) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• BRT Apartments shares crossed above their 200-day moving average, reaching $14.59 before closing at $14.4750. The stock’s 200-day average is $14.56, while its market capitalization is approximately $272.4 million.
• Analyst sentiment is mixed but has improved, with recent upgrades to “hold” and Citigroup maintaining a “market outperform” rating. The stock has an overall “Hold” consensus rating and an average price target of $19.75.
• BRT reported quarterly revenue of $24.61 million and an EPS loss of $0.14, beating estimates. It also pays a quarterly dividend of $0.25, equivalent to a 6.9% annualized yield, though its negative payout ratio reflects current losses.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.56 and traded as high as $14.59. BRT Apartments shares last traded at $14.4750, with a volume of 60,926 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BRT shares. Zacks Research upgraded BRT Apartments to a "hold" rating in a research note on Monday, July 13th. Wall Street Zen upgraded BRT Apartments from a "sell" rating to a "hold" rating in a research report on Saturday, May 23rd. Citigroup reiterated a "market outperform" rating on shares of BRT Apartments in a report on Friday, May 29th. Finally, 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. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.75.

BRT Apartments Price Performance

The firm has a market cap of $272.42 million, a PE ratio of -22.27 and a beta of 0.85. The stock has a 50 day simple moving average of $14.86 and a two-hundred day simple moving average of $14.56. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.14 and a current ratio of 2.14.

BRT Apartments (NYSE:BRT - Get Free Report) 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. The firm had revenue of $24.61 million for the quarter, compared to the consensus estimate of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%. Sell-side analysts expect that BRT Apartments Corp. will post 1.5 earnings per share for the current year.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.9%. The ex-dividend date was Thursday, June 25th. BRT Apartments's dividend payout ratio is currently -153.85%.

Hedge Funds Weigh In On BRT Apartments

Several large investors have recently made changes to their positions in BRT. Russell Investments Group Ltd. boosted its holdings in 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 worth $27,000 after buying an additional 1,539 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock worth $28,000 after acquiring an additional 955 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of BRT Apartments by 1,171.8% in 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 period. Strs Ohio purchased a new stake in shares of BRT Apartments during the 1st quarter worth about $39,000. Finally, BNP Paribas Financial Markets grew its position in shares of 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 acquiring an additional 2,497 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

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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