BRT is a real estate investment trust that owns, operates and develops multi-family properties.
Analysts Set New Price Targets
Several analysts have recently commented on BRT shares. StockNews.com raised BRT Apartments from a "hold" rating to a "buy" rating in a research report on Thursday, July 7th. TheStreet upgraded BRT Apartments from a "c+" rating to a "b-" rating in a report on Tuesday, May 10th. Finally, JMP Securities reiterated a "buy" rating and set a $28.00 price objective on shares of BRT Apartments in a report on Wednesday, May 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, BRT Apartments has an average rating of "Moderate Buy" and a consensus price target of $27.33.
BRT Apartments Stock Up 6.7 %
Shares of NYSE:BRT traded up $1.59 during midday trading on Friday, hitting $25.35. 137,659 shares of the stock were exchanged, compared to its average volume of 43,750. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.80 and a current ratio of 2.81. BRT Apartments has a 52-week low of $17.55 and a 52-week high of $25.44. The business's fifty day simple moving average is $22.32 and its two-hundred day simple moving average is $22.42. The company has a market capitalization of $478.35 million, a PE ratio of 6.29, a P/E/G ratio of 2.74 and a beta of 1.22.
BRT Apartments (NYSE:BRT - Get Rating) last posted its earnings results on Monday, August 8th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $2.03. BRT Apartments had a return on equity of 33.91% and a net margin of 167.66%. During the same quarter last year, the company earned $0.31 EPS. As a group, research analysts predict that BRT Apartments will post 1.63 earnings per share for the current fiscal year.
BRT Apartments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.25 per share. This is a positive change from BRT Apartments's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Wednesday, June 29th. BRT Apartments's dividend payout ratio (DPR) is 24.81%.