BRT Apartments Corp. Expected to Earn FY2025 Earnings of $1.21 Per Share (NYSE:BRT)

BRT Apartments Corp. (NYSE:BRT - Free Report) - B. Riley issued their FY2025 EPS estimates for BRT Apartments in a research report issued on Wednesday, April 10th. B. Riley analyst J. Massocca anticipates that the financial services provider will earn $1.21 per share for the year. B. Riley has a "Buy" rating and a $19.50 price target on the stock.

Separately, JMP Securities cut their price target on BRT Apartments from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday, March 14th.

BRT Apartments Stock Performance

BRT Apartments stock traded up $0.36 during trading on Friday, hitting $17.64. The stock had a trading volume of 88,173 shares, compared to its average volume of 41,597. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.01. The stock's 50 day moving average is $16.31 and its two-hundred day moving average is $17.26. BRT Apartments has a 1 year low of $15.21 and a 1 year high of $20.69. The stock 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 have recently made changes to their positions in BRT. Stifel Financial Corp purchased a new position in BRT Apartments in the first quarter worth $1,805,000. Silverberg Bernstein Capital Management LLC bought a new position in shares of BRT Apartments during the 4th quarter valued at about $1,229,000. BlackRock Inc. increased its position in shares of BRT Apartments by 5.6% during the 2nd quarter. BlackRock Inc. now owns 986,852 shares of the financial services provider's stock valued at $19,540,000 after purchasing an additional 52,417 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of BRT Apartments during the 4th quarter valued at about $504,000. Finally, AQR Capital Management LLC lifted its position in BRT Apartments by 29.0% in the 1st quarter. AQR Capital Management LLC now owns 115,020 shares of the financial services provider's stock worth $2,268,000 after buying an additional 25,830 shares during the last quarter. Institutional investors own 29.07% of the company's stock.

Insider Buying and Selling at BRT Apartments

In other news, major shareholder Investors L. P. Gould acquired 12,299 shares of the business's stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of $16.85 per share, for a total transaction of $207,238.15. Following the completion of the transaction, the insider now owns 3,644,628 shares of the company's stock, valued at $61,411,981.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BRT Apartments news, major shareholder Investors L. P. Gould acquired 12,299 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average price of $16.85 per share, for a total transaction of $207,238.15. Following the completion of the transaction, the insider now owns 3,644,628 shares of the company's stock, valued at approximately $61,411,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew J. Gould bought 11,200 shares of BRT Apartments stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $16.14 per share, with a total value 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 purchased 65,587 shares of company stock valued at $1,078,897 in the last quarter. 38.30% of the stock is currently owned by corporate insiders.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders 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 annualized dividend and a yield of 5.67%. BRT Apartments's dividend 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.