BRT Apartments - BRT Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BRT Apartments in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRT shares.
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3 Wall Street analysts have issued 12-month price objectives for BRT Apartments' shares. Their BRT share price forecasts range from $28.00 to $29.00. On average, they anticipate the company's share price to reach $28.50 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price.
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BRT Apartments' stock was trading at $23.99 at the beginning of the year. Since then, BRT shares have decreased by 12.1% and is now trading at $21.09.
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BRT Apartments saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 143,900 shares, a decline of 15.9% from the August 31st total of 171,200 shares. Based on an average daily volume of 50,500 shares, the short-interest ratio is presently 2.8 days. Approximately 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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BRT Apartments Corp. (NYSE:BRT) announced its quarterly earnings results on Monday, August, 8th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $2.03. BRT Apartments had a net margin of 167.66% and a trailing twelve-month return on equity of 33.91%. During the same period last year, the firm earned $0.31 earnings per share.

BRT Apartments declared a quarterly dividend on Wednesday, September 14th. Shareholders of record on Tuesday, September 27th will be paid a dividend of $0.25 per share on Friday, October 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Monday, September 26th.
Read our dividend analysis for BRT.

BRT Apartments (NYSE:BRT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.92%. BRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRT will have a dividend payout ratio of 53.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRT.

Based on aggregate information from My MarketBeat watchlists, some companies that other BRT Apartments investors own include Arbor Realty Trust (ABR), AGNC Investment (AGNC), AT&T (T), Annaly Capital Management (NLY), New Residential Investment (NRZ), Chimera Investment (CIM), Gladstone Investment (GAIN), New York Mortgage Trust (NYMT) and Omega Healthcare Investors (OHI).

BRT Apartments trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRT."

Shares of BRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRT stock can currently be purchased for approximately $21.09.

BRT Apartments (NYSE:BRT) has a market capitalization of $397.97 million and generates $32.06 million in revenue each year. The financial services provider earns $29.11 million in net income (profit) each year or $4.03 on an earnings per share basis.

BRT Apartments' mailing address is 60 Cutter Mill Road, Great Neck NY, 11021. The official website for the company is www.brtapartments.com. The financial services provider can be reached via phone at (516) 466-3100, via email at investors@brtapartments.com, or via fax at 516-466-3132.