BRT Apartments (NYSE:BRT) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• BRT Apartments stock moved above its 200-day moving average, trading as high as $14.83 and last around $14.63, a technical move that may signal improving momentum.
• The company beat quarterly expectations, reporting a loss of $0.14 per share versus estimates for a $0.20 loss, while revenue of $24.61 million also topped forecasts.
• BRT Apartments pays a quarterly dividend of $0.25, which annualizes to a 6.8% yield, though the payout ratio is currently negative and analysts’ average rating remains Hold.

BRT Apartments Corp. (NYSE:BRT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.52 and traded as high as $14.83. BRT Apartments shares last traded at $14.6260, with a volume of 30,990 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen upgraded BRT Apartments from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BRT Apartments in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $19.75.

BRT Apartments Stock Performance

The company has a debt-to-equity ratio of 2.87, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $275.26 million, a P/E ratio of -23.22 and a beta of 0.87. The company has a fifty day moving average of $14.19 and a two-hundred day moving average of $14.52.

BRT Apartments (NYSE:BRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $24.61 million during the quarter, compared to analyst estimates of $24.28 million. BRT Apartments had a negative return on equity of 6.33% and a negative net margin of 12.31%.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Friday, March 27th. BRT Apartments's payout ratio is currently -158.73%.

Institutional Trading of BRT Apartments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in shares of BRT Apartments by 111.8% during the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock valued at $28,000 after buying an additional 955 shares during the last quarter. Russell Investments Group Ltd. raised 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 buying an additional 1,539 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of BRT Apartments by 0.6% during the second quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider's stock valued at $4,522,000 after buying an additional 1,837 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of 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 valued at $30,000 after buying an additional 1,910 shares during the last quarter. Finally, Brookwood Investment Group LLC raised its holdings in shares of BRT Apartments by 13.1% during the fourth quarter. Brookwood Investment Group LLC now owns 19,220 shares of the financial services provider's stock valued at $283,000 after buying an additional 2,219 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Company Profile

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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