BRT Apartments - BRT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BRT Apartments in the last twelve months. There are currently 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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2 analysts have issued twelve-month target prices for BRT Apartments' stock. Their BRT share price forecasts range from $28.00 to $30.00. On average, they anticipate the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 40.8% 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 stock has decreased by 14.2% and is now trading at $20.59.
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BRT Apartments saw a decline in short interest in November. As of November 15th, there was short interest totaling 141,400 shares, a decline of 9.1% from the October 31st total of 155,600 shares. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.2% of the company's stock are sold short.
View BRT Apartments' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 13th 2023.
View our BRT earnings forecast.

BRT Apartments Corp. (NYSE:BRT) announced its quarterly earnings data on Monday, August, 8th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $2.03. BRT Apartments had a net margin of 91.09% and a trailing twelve-month return on equity of 22.92%. During the same period in the previous year, the company posted $0.31 EPS.

BRT Apartments announced a quarterly dividend on Wednesday, September 14th. Shareholders of record on Tuesday, September 27th will be given a dividend of $0.25 per share on Friday, October 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. 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 4.87%. 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 35.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BRT will have a dividend payout ratio of 57.80% 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."

BRT Apartments' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.77%), Renaissance Technologies LLC (3.21%), Vanguard Group Inc. (3.12%), Avantax Advisory Services Inc. (1.34%), Hillsdale Investment Management Inc. (1.16%) and State Street Corp (1.08%). Insiders that own company stock include Fredric H Gould, George Zweier, Investors L P Gould, Jeffrey Gould, Jonathan H Simon, Matthew J Gould, Mitchell Gould and Ryan Baltimore.
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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 $20.59.

BRT Apartments (NYSE:BRT) has a market capitalization of $389.97 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 $2.85 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.