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 Residential REITs
Trailing P/E Ratio13.3368707843958
Forward P/E Ratio15.38
Sales & Book Value
Annual Sales$105.77 million
Price / Sales1.73
Cash Flow$3.32 per share
Price / Cash3.94
Book Value$16.88 per share
Price / Book0.77
Net Income$13.60 million
Return on Equity6.00%
Return on Assets1.47%
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 announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.18 per share on Friday, January 5th. This represents a $0.72 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, December 21st. View BRT Apartments' Dividend History.
How will BRT Apartments' stock buyback program work?
BRT Apartments declared that its board has initiated a share repurchase plan on Wednesday, September 13th 2017, which allows the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were BRT Apartments' earnings last quarter?
BRT Apartments Corp (NYSE:BRT) posted its quarterly earnings data on Thursday, December, 14th. The financial services provider reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.22. BRT Apartments had a net margin of 12.86% and a return on equity of 6.00%. 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 equities research analysts have issued 1-year price targets for BRT Apartments' stock. Their predictions range from $10.50 to $13.50. On average, they expect BRT Apartments' share price to reach $11.92 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. " (12/19/2017)
- 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 China Rapid Finance (XRF), Landmark Infrastructure Partners (LMRK), Farmers & Merchants Bancorp (FMAO), Guaranty Bancshares (GNTY), Macatawa Bank (MCBC), American National BankShares (AMNB), MedEquities Realty Trust (MRT), Summit Financial Group (SMMF), HCI Group (HCI), PHH (PHH), Regional Management (RM), eHealth (EHTH), Elevate Credit (ELVT), Southern First Bancshares (SFST), Territorial Bancorp (TBNK), Paragon Commercial (PBNC), Farmers Capital Bank (FFKT) and Citizens & Northern (CZNC).
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)
How do I buy BRT Apartments stock?
Shares of BRT Apartments 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 Apartments stock can currently be purchased for approximately $13.07.
How big of a company is BRT Apartments?
BRT Apartments has a market capitalization of $183.27 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 $0.98 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 MA, 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|
|2/14/2018|| || || || || || || || |
|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|
|8/7/2014||Q214||($0.02)||$12.04 million||$18.12 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|
|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: $0.87
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
|Most Recent Dividend:||1/5/2018|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||73.47% (Trailing 12 Months of Earnings) |
84.71% (Based on This Year's Estimates)
69.90% (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: 41.90%
Institutional Ownership Percentage: 22.06%
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
BRT Apartments (NYSE:BRT) SEC Filings
This page is loading this company's SEC Filings. Please wait...
BRT Apartments (NYSE:BRT) Income Statement, Balance Sheet and Cash Flow Statement
BRT Apartments (NYSE BRT) Stock Chart for Tuesday, January, 16, 2018