BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended March 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website at: http://brtapartments.com/investor_relations for further details. The Form 10-Q can also be linked through the ?Investor Relations? section of BRT's website. For additional information on BRT's operations, activities and properties, please visit its website at www.brtapartments.com.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:BRT
CUSIPN/A
Phone516-466-3100
Debt
Debt-to-Equity Ratio2.72
Current Ratio1.67
Quick Ratio1.67
Price-To-Earnings
Trailing P/E Ratio19.52
Forward P/E Ratio12.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$105.77 million
Price / Sales1.96
Cash Flow$3.3477 per share
Price / Cash3.94
Book Value$16.88 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$0.67
Net Income$13.60 million
Net Margins27.75%
Return on Equity12.06%
Return on Assets3.05%
Miscellaneous
Employees12
Outstanding Shares15,680,000
Market Cap$205.18 million
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, June 12th. Investors of record on Monday, June 25th will be paid a dividend of $0.20 per share on Friday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Friday, June 22nd. View BRT Apartments' Dividend History.
How will BRT Apartments' stock buyback program work?
BRT Apartments declared that its board has authorized a share repurchase plan on Wednesday, September 13th 2017, which permits the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were BRT Apartments' earnings last quarter?
BRT Apartments Corp (NYSE:BRT) announced its quarterly earnings data on Wednesday, August, 8th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.02. The financial services provider had revenue of $30.15 million for the quarter, compared to the consensus estimate of $30.43 million. BRT Apartments had a net margin of 27.75% and a return on equity of 12.06%. View BRT Apartments' Earnings History.
When is BRT Apartments' next earnings date?
What price target have analysts set for BRT?
4 brokers have issued 1-year price targets for BRT Apartments' stock. Their predictions range from $10.50 to $16.00. On average, they expect BRT Apartments' stock price to reach $13.0625 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. View Analyst Price Targets for BRT Apartments.
What is the consensus analysts' recommendation for BRT Apartments?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BRT Apartments in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (8/13/2018)
- 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 Granite Point Mortgage Trust (GPMT), CBL & Associates Properties (CBL), CAPSTEAD Mtg Co/SH (CMO), Pennsylvania R.E.I.T. (PEI), Urstadt Biddle Properties (UBP), Preferred Apartment Communities (APTS), istar (STAR), Northstar Realty Europe (NRE), NexPoint Residential Trust (NXRT), CIM Commercial Trust (CMCT), INVESTORS REAL ESTATE TRUST REIT Common Stock (IRET), Ashford Hospitality Trust (AHT), Essential Properties Realty Trust (EPRT), UMH PROPERTIES/SH SH (UMH) and Catchmark Timber Trust (CTT).
Who are BRT Apartments' key executives?
BRT Apartments' management team includes the folowing people:
- Mr. Jeffrey Alan Gould, Pres, CEO & Director (Age 52)
- Mr. George E. Zweier, VP, CFO & Principal Accounting Officer (Age 54)
- Mr. David W. Kalish, Sr. VP of Fin. (Age 71)
- Mr. Mitchell K. Gould, Exec. VP (Age 46)
- Mr. Steven Rosenzweig, VP (Age 43)
Has BRT Apartments been receiving favorable news coverage?
News headlines about BRT stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring 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 closest to one being the most favorable. BRT Apartments earned a coverage optimism score of 0.20 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 46.08 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for BRT Apartments.
Who are BRT Apartments' major shareholders?
BRT Apartments' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.58%), Renaissance Technologies LLC (3.20%), Towerview LLC (2.86%), First Manhattan Co. (1.53%), Albert D Mason Inc. (0.80%) and Bank of New York Mellon Corp (0.65%). Company insiders that own BRT Apartments stock include George Zweier and Jeffrey Rubin. View Institutional Ownership Trends for BRT Apartments.
Which major investors are selling BRT Apartments stock?
Which major investors are buying BRT Apartments stock?
BRT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Albert D Mason Inc., State of New Jersey Common Pension Fund D, Martingale Asset Management L P, Bank of America Corp DE, Municipal Employees Retirement System of Michigan and Bank of New York Mellon Corp. 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 $13.19.
How big of a company is BRT Apartments?
BRT Apartments has a market capitalization of $205.18 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 $0.67 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 (NYSE BRT)
MarketBeat's community ratings are surveys of what our community members think about BRT Apartments and other stocks. Vote "Outperform" if you believe BRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
