About BRT Apartments (NYSE:BRT)
BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust's segments include Multi-Family Real Estate and Other Assets. The Multi-Family Real Estate segment includes the ownership, operation and development of multi-family properties. The Other Assets segment includes the ownership and operation of the Trust's other real estate assets and a real estate loan. As of December 31, 2016, the Trust owned 30 multi-family properties with 8,624 units located in 11 states (including 271 units at a property in the lease up stage), and interests in two unconsolidated joint ventures. The Trust also owns and operates various other real estate assets.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio13.19
Forward P/E Ratio13.65
Sales & Book Value
Annual Sales$105.77 million
Price / Sales1.55
Cash Flow$3.35 per share
Price / Cash3.46
Book Value$16.88 per share
Price / Book0.69
Net Income$13.60 million
Return on Equity1.80%
Return on Assets0.43%
BRT Apartments (NYSE:BRT) Frequently Asked Questions
What is BRT Apartments' stock symbol?
BRT Apartments trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRT."
How often does BRT Apartments pay dividends? What is the dividend yield for BRT Apartments?
BRT Apartments declared a quarterly dividend on Tuesday, March 13th. Shareholders of record on Tuesday, March 27th will be paid a dividend of $0.20 per share on Friday, April 6th. This represents a $0.80 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend is Monday, March 26th. This is a boost from BRT Apartments's previous quarterly dividend of $0.18. View BRT Apartments' Dividend History.
How will BRT Apartments' stock buyback program work?
BRT Apartments announced that its Board of Directors has approved a share repurchase program on Wednesday, September 13th 2017, which authorizes the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
How were BRT Apartments' earnings last quarter?
BRT Apartments Corp (NYSE:BRT) released its earnings results on Friday, February, 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.24. The financial services provider had revenue of $28.35 million for the quarter, compared to analyst estimates of $27.94 million. BRT Apartments had a return on equity of 1.80% and a net margin of 3.85%. View BRT Apartments' Earnings History.
When will BRT Apartments make its next earnings announcement?
Where is BRT Apartments' stock going? Where will BRT Apartments' stock price be in 2018?
3 analysts have issued twelve-month target prices for BRT Apartments' stock. Their predictions range from $10.50 to $14.00. On average, they anticipate BRT Apartments' stock price to reach $12.08 in the next twelve months. View Analyst Ratings for BRT Apartments.
What are Wall Street analysts saying about BRT Apartments stock?
Here are some recent quotes from research analysts about BRT Apartments stock:
- 1. According to Zacks Investment Research, "BRT is a real estate investment trust. BRT's primary business activity is to originate and hold for investment for its own account, senior real estate mortgage loans secured by income producing real property and, to a lesser extent, junior real estate mortgage loans secured by income producing real property and senior mortgage loans secured by undeveloped real property. " (2/14/2018)
- 2. FBR & Co analysts commented, "We are initiating coverage of BRT Apartments Corp. (BRT) with a Buy rating and a 12-month price target of $11.75 per share, representing 22% total return potential. BRT holds a portfolio of predominantly Sunbelt properties with a mix of class A (approximately one-third of the portfolio, in our estimation) and class B multifamily assets. BRT has transitioned over the last several years from a commercial mortgage REIT to a multifamily REIT and recently reinstated a $0.72 per share dividend that we forecast to be paid out at a projected 82% of AFFO in 2018. We find the shares attractive on a price/NAV basis, trading at 76% of our $13.40 NAV per share estimate (based on 2018E NOI and an average 6% cap rate for the portfolio), versus the multifamily REIT average of 97%. BRT compares favorably on price/ earnings multiples relative to peers (trading at 12.6x 2018E FFO of $0.81, versus peers at 19.3x)." (10/26/2017)
Who are some of BRT Apartments' key competitors?
Some companies that are related to BRT Apartments include Ashford Hospitality Prime (AHP), Resource Capital (RSO), Jernigan Capital (JCAP), Pico (PICO), Farmland Partners (FPI), Countrywide (CYWDF), Reis (REIS), Stratus Properties (STRS), Great Ajax (AJX), Cherry Hill Mortgage Investment (CHMI), Leju (LEJU), Gladstone Land (LAND), Innovative Industrial Properties (IIPR), Clipper Realty (CLPR), Global Medical REIT (GMRE), Ellington Residential Mortgage REIT (EARN), Sotherly Hotels (SOHO) and Five Oaks Investment (OAKS).
Who are BRT Apartments' key executives?
BRT Apartments' management team includes the folowing people:
- Israel Rosenzweig, Chairman of the Board of Trustees, Senior Vice President (Age 69)
- Jeffrey A. Gould, President, Chief Executive Officer, Trustee (Age 51)
- George E. Zweier, Chief Financial Officer, Vice President (Age 52)
- Mitchell K. Gould, Executive Vice President (Age 44)
- David W. Kalish, Senior Vice President - Finance (Age 69)
- Mark H. Lundy, Senior Vice President, General Counsel (Age 54)
- Simeon Brinberg, Senior Vice President, Senior Counsel, Secretary (Age 83)
- Matthew J. Gould, Senior Vice President, Trustee (Age 57)
- Isaac Kalish, Vice President, Treasurer (Age 41)
- Steven Rosenzweig, Vice President (Age 41)
Has BRT Apartments been receiving favorable news coverage?
News headlines about BRT stock have been trending positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BRT Apartments earned a news sentiment score of 0.39 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 45.19 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are BRT Apartments' major shareholders?
BRT Apartments' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Towerview LLC (4.91%), First Manhattan Co. (1.85%), Royce & Associates LP (1.64%), Renaissance Technologies LLC (1.41%), Bank of New York Mellon Corp (0.49%) and Deutsche Bank AG (0.24%). Company insiders that own BRT Apartments stock include George Zweier and Jeffrey Rubin. View Institutional Ownership Trends for BRT Apartments.
Which institutional investors are selling BRT Apartments stock?
Which institutional investors are buying BRT Apartments stock?
BRT stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of New York Mellon Corp, Deutsche Bank AG, Monashee Investment Management LLC and Fusion Family Wealth LLC. View Insider Buying and Selling for BRT Apartments.
How do I buy shares of BRT Apartments?
Shares of BRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BRT Apartments' stock price today?
One share of BRT stock can currently be purchased for approximately $11.60.
How big of a company is BRT Apartments?
BRT Apartments has a market capitalization of $162.28 million and generates $105.77 million in revenue each year. The financial services provider earns $13.60 million in net income (profit) each year or $0.30 on an earnings per share basis. BRT Apartments employs 12 workers across the globe.
How can I contact BRT Apartments?
BRT Apartments' mailing address is 60 Cutter Mill Road, Great Neck NY, 11021. The financial services provider can be reached via phone at 516-466-3100.
MarketBeat Community Rating for BRT Apartments (BRT)MarketBeat's community ratings are surveys of what our community members think about BRT Apartments and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
BRT Apartments (NYSE:BRT) Earnings History and Estimates Chart
BRT Apartments (NYSE BRT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/9/2018|| || || || || || || || |
|2/9/2018||Q1 2018||$0.21||$0.45||$27.94 million||$28.35 million||View||N/A|
|12/14/2017||Q4 2017||$0.17||$0.39||$26.99 million||$28.39 million||View||N/A|
|8/8/2017||Q3 2017||($0.24)||$26.86 million||View||N/A|
|5/10/2017||Q2 2017||($0.30)||$24.88 million||View||N/A|
|2/8/2017||Q1 2017||$1.13||$25.64 million||View||N/A|
|12/13/2016||Q4 2016||$0.21||$24.76 million||View||N/A|
|8/9/2016||Q3 2016||$0.39||$23.25 million||View||N/A|
|5/10/2016||Q2 2016||$0.75||$24.86 million||View||N/A|
|2/9/2016||Q1 2016||($0.14)||$23.21 million||View||N/A|
|12/11/2015||Q4 2015||$0.24||$21.02 million||View||N/A|
|8/5/2015||Q3 2015||($0.18)||$21.23 million||View||N/A|
|5/8/2015||Q2 2015||($0.05)||$20.47 million||View||N/A|
|2/6/2015||Q1 2015||($0.18)||$19.78 million||View||N/A|
|12/11/2014||Q4 2014||($0.27)||$19.40 million||View||N/A|
|8/7/2014||Q214||($0.02)||$12.04 million||$18.12 million||View||N/A|
|5/9/2014||Q2 2014||($0.18)||$15.78 million||View||N/A|
|2/6/2014||Q114||$0.04||$7.90 million||$14.80 million||View||N/A|
|12/11/2013||Q4||$0.10||$7.20 million||$12.40 million||View||N/A|
|8/8/2013||Q3 2013||$0.13||$5.56 million||$12.04 million||View||N/A|
|5/8/2013||Q2 2013||$0.07||$10.15 million||View||N/A|
|12/12/2012||0.12||$0.12||$4.40 million||$7.20 million||View||N/A|
BRT Apartments (NYSE:BRT) Earnings Estimates
2018 EPS Consensus Estimate: $0.85
2019 EPS Consensus Estimate: $1.09
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
BRT Apartments (NYSE:BRT) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||240.01% (Trailing 12 Months of Earnings) |
84.71% (Based on This Year's Estimates)
68.57% (Based on Next Year's Estimates)
BRT Apartments (NYSE:BRT) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
BRT Apartments (NYSE BRT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 42.90%
Institutional Ownership Percentage: 20.85%
BRT Apartments (NYSE BRT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/6/2016||Jeffrey Rubin||Director||Buy||4,262||$7.80||$33,243.60||37,510|| |
|9/14/2016||George Zweier||VP||Sell||1,100||$7.94||$8,734.00||59,290|| |
|3/18/2016||Investors L P Gould||Major Shareholder||Buy||2,055||$6.73||$13,830.15||2,984,995|| |
|3/15/2016||Investors L P Gould||Major Shareholder||Buy||1,448||$6.62||$9,585.76||2,984,047|| |
|3/8/2016||Investors L P Gould||Major Shareholder||Buy||1,002||$6.65||$6,663.30||2,980,505|| |
|3/2/2016||Fredric H Gould||Director||Buy||826||$6.44||$5,319.44||280,121|| |
|2/29/2016||Matthew J. Gould||SVP||Buy||76,684||$6.26||$480,041.84|| |
|2/25/2016||Investors L P Gould||Major Shareholder||Buy||76,684||$6.26||$480,041.84||2,980,154|| |
|9/21/2015||Fredric H Gould||Director||Buy||2,932||$6.94||$20,348.08||269,771|| |
|9/17/2015||Investors L. P. Gould||major shareholder||Buy||1,500||$6.93||$10,395.00||2,896,053|| |
|9/2/2015||Investors L. P. Gould||major shareholder||Buy||1,223||$6.95||$8,499.85||2,893,512|| |
|8/25/2015||Fredric H Gould||Director||Buy||199||$6.93||$1,379.07||269,771|| |
|8/24/2015||Fredric H Gould||Director||Buy||140||$6.93||$970.20||269,771|| |
|8/17/2015||Investors L. P. Gould||major shareholder||Buy||1,046||$6.95||$7,269.70||2,889,722|| |
|8/13/2015||Jeffrey Gould||CEO||Buy||1,100||$6.90||$7,590.00|| |
|6/16/2015||Investors L P Gould||Major Shareholder||Buy||3,733||$6.92||$25,832.36|| |
|5/20/2015||Jeffrey Gould||CEO||Buy||6,358||$6.99||$44,442.42|| |
|3/6/2015||Investors L P Gould||Major Shareholder||Buy||1,850||$6.98||$12,913.00|| |
|1/7/2015||Investors L P Gould||Major Shareholder||Buy||17,701||$7.03||$124,438.03|| |
|1/7/2015||Mark H Lundy||VP||Sell||17,700||$7.03||$124,431.00|| |
|1/2/2015||Investors L P Gould||Major Shareholder||Buy||1,685||$6.97||$11,744.45|| |
|12/30/2014||Fredric H Gould||Director||Buy||3,715||$6.95||$25,819.25|| |
|12/30/2014||Matthew J Gould||SVP||Buy||1,215||$6.97||$8,468.55|| |
|12/29/2014||Matthew J Gould||SVP||Buy||2,500||$6.94||$17,350.00|| |
|12/23/2014||Investors L P Gould||Major Shareholder||Buy||712||$7.00||$4,984.00|| |
|12/18/2014||Fredric H Gould||Director||Buy||1,500||$7.02||$10,530.00|| |
|9/10/2014||Jeffrey Gould||CEO||Buy||4,000||$7.20||$28,800.00|| |
|8/18/2014||Jeffrey Gould||CEO||Buy||1,200||$7.20||$8,640.00|| |
|6/27/2014||Matthew J Gould||SVP||Buy||1,427||$7.17||$10,231.59|| |
|5/22/2014||Investors L P Gould||Major Shareholder||Buy||37,081||$7.19||$266,612.39|| |
BRT Apartments (NYSE BRT) News Headlines
|$28.87 Million in Sales Expected for BRT Apartments Corp (BRT) This Quarter|
www.americanbankingnews.com - March 21 at 1:58 AM
|BRT Apartments Corp (BRT) Expected to Post Earnings of $0.17 Per Share|
www.americanbankingnews.com - March 19 at 11:22 PM
|Head-To-Head Survey: BRT Apartments (BRT) & Home Properties (HME)|
www.americanbankingnews.com - March 14 at 11:18 PM
|BRT Apartments Corp. Raises Quarterly Dividend Approximately 11.1%|
finance.yahoo.com - March 13 at 11:12 AM
|Royce & Associates LP Sells 158,072 Shares of BRT Apartments Corp (BRT)|
www.americanbankingnews.com - March 6 at 10:52 AM
| Analysts Expect BRT Apartments Corp (BRT) Will Post Quarterly Sales of $28.87 Million|
www.americanbankingnews.com - March 4 at 4:10 AM
|BRT Apartments Corp. Completes Sale of The Apartments at Venue|
finance.yahoo.com - March 1 at 10:08 AM
|BRT Apartments Corp (BRT) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - February 27 at 1:52 AM
|Sun Communities (SUI) & BRT Apartments (BRT) Financial Comparison|
www.americanbankingnews.com - February 26 at 1:34 AM
|New York apartment company expands holdings in metro Atlanta|
finance.yahoo.com - February 23 at 10:26 AM
|BRT Apartments Corp (BRT) Reports Acquisition of 586-Unit Property in Lawrenceville, Georgia for $77.3M|
www.streetinsider.com - February 22 at 4:04 PM
|BRT Apartments Corp. Acquires 586 Unit Value Add Property in Lawrenceville, Georgia|
finance.yahoo.com - February 22 at 4:04 PM
|Q2 2018 Earnings Forecast for BRT Apartments Corp (BRT) Issued By B. Riley|
www.americanbankingnews.com - February 19 at 3:50 AM
|BRT Apartments (BRT) PT Set at $14.00 by B. Riley|
www.americanbankingnews.com - February 16 at 6:34 PM
|$28.23 Million in Sales Expected for BRT Apartments Corp (BRT) This Quarter|
www.americanbankingnews.com - February 16 at 11:07 AM
|Zacks Investment Research Lowers BRT Apartments (BRT) to Hold|
www.americanbankingnews.com - February 14 at 7:12 PM
|BRT Apartments Corp. Reports First Fiscal Quarter Results for December 31, 2017|
finance.yahoo.com - February 9 at 6:09 PM
|BRT Apartments Corp. Completes Sale of The Fountains Apartments for a $21.3 Million Gain, Net of Non-Controlling Interests of $20.5 Million; Purchases The Avenue Apartments, located in a suburb of Orlando, Florida, for $71.3 Million|
finance.yahoo.com - February 8 at 4:59 PM
|BRT Apartments Corp (BRT) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - February 2 at 1:48 AM
| Brokerages Anticipate BRT Apartments Corp (BRT) Will Announce Quarterly Sales of $27.94 Million|
www.americanbankingnews.com - January 30 at 8:52 AM
|The Zacks Analyst Blog Highlights: Advance Auto Parts, Children's Place, Diplomat Pharmacy, Oshkosh and BRT Apartments|
finance.yahoo.com - January 30 at 8:39 AM
| BRT Apartments Corp (BRT) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - January 30 at 3:18 AM
| BRT Apartments Corp (BRT) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - January 15 at 3:40 PM
|$26.66 Million in Sales Expected for BRT Apartments Corp (BRT) This Quarter|
www.americanbankingnews.com - January 13 at 2:34 PM
|Top Ranked Income Stocks to Buy for January 12th|
finance.yahoo.com - January 12 at 9:44 AM
|B. Riley Analysts Cut Earnings Estimates for BRT Apartments Corp (BRT)|
www.americanbankingnews.com - January 11 at 12:42 PM
|Research Analysts Offer Predictions for BRT Apartments Corp's Q3 2018 Earnings (BRT)|
www.americanbankingnews.com - January 10 at 12:38 PM
|Financial Contrast: BRT Apartments (BRT) and Post Properties (PPS)|
www.americanbankingnews.com - January 10 at 9:46 AM
|BRIEF-BRT Apartments Agrees To Sell Property For More Than $97 Million|
www.reuters.com - January 8 at 5:19 PM
|BRT Apartments Corp. Agrees to Sell Multi-Family Property for More Than $97 Million|
www.nasdaq.com - January 8 at 5:19 PM
|Zacks: BRT Apartments Corp (BRT) Given $12.25 Consensus Target Price by Analysts|
www.americanbankingnews.com - December 31 at 9:52 AM
|Why BRT Realty Trust (BRT) Could Be Positioned for a Surge|
finance.yahoo.com - December 31 at 9:25 AM
|ETFs with exposure to BRT Apartments Corp. : December 26, 2017|
finance.yahoo.com - December 28 at 10:29 AM
|Zacks: Analysts Expect BRT Apartments Corp (BRT) Will Post Quarterly Sales of $26.64 Million|
www.americanbankingnews.com - December 27 at 6:32 AM
| Brokerages Expect BRT Apartments Corp (BRT) Will Announce Earnings of $0.21 Per Share|
www.americanbankingnews.com - December 25 at 3:24 PM
|BRT Realty Trust (BRT) Announces Acquisition of Two Multi-Family Units for $30.4M|
www.streetinsider.com - December 21 at 9:39 AM
|BRT Apartments Corp Forecasted to Earn Q1 2018 Earnings of $0.21 Per Share (BRT)|
www.americanbankingnews.com - December 20 at 11:54 AM
|BRT Apartments (BRT) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - December 19 at 9:02 PM
|BRT Apartments Corp. Begins 2018 with Two Multi-Family Acquisitions for a Total of $30.4 Million|
finance.yahoo.com - December 19 at 5:13 PM
|BRT Apartments (BRT) Earns Buy Rating from B. Riley|
www.americanbankingnews.com - December 19 at 1:18 PM
|Here's Why You Should Hold UDR Stock in Your Portfolio Now|
finance.yahoo.com - December 19 at 9:37 AM
|BRT Apartments Corp. :BRT-US: Earnings Analysis: Q4, 2017 By the Numbers : December 18, 2017|
finance.yahoo.com - December 18 at 5:12 PM
|BRT Apartments Corp (NYSE:BRT): Dividend Is Coming In 3 Days, Should You Buy?|
finance.yahoo.com - December 17 at 5:14 PM
|Zacks: BRT Realty Trust (BRT) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - December 15 at 9:46 AM
|BRT Apartments Corp. Reports Fourth Quarter and Fiscal Year 2017 Results|
finance.yahoo.com - December 14 at 5:45 PM
|BRT reports 4Q results|
finance.yahoo.com - December 14 at 5:45 PM
| Analysts Anticipate BRT Realty Trust (BRT) Will Post Quarterly Sales of $26.99 Million|
www.americanbankingnews.com - December 9 at 4:54 AM
|Zacks: Brokerages Anticipate BRT Realty Trust (BRT) Will Post Earnings of $0.17 Per Share|
www.americanbankingnews.com - December 7 at 11:32 PM
|BRT Realty Trust Plans Quarterly Dividend of $0.18 (BRT)|
www.americanbankingnews.com - December 6 at 5:40 PM
|BRT Realty Trust (BRT) Declares $0.18 Quarterly Dividend; 6.6% Yield|
www.streetinsider.com - December 5 at 5:10 PM
BRT Apartments (NYSE:BRT) SEC Filings
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BRT Apartments (NYSE:BRT) Income Statement, Balance Sheet and Cash Flow Statement
BRT Apartments (NYSE BRT) Stock Chart for Wednesday, March, 21, 2018