BRT Apartments Corp. (NYSE:BRT) Stock Has Consensus Target Price of $19.75 According to Brokerages

Shares of BRT Apartments Corp. (NYSE:BRT) have been assigned an average rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.75.

Several research firms have issued reports on BRT. Citigroup reaffirmed a “market outperform” rating on shares of BRT Apartments in a report on Thursday, August 20th. Zacks Research raised BRT Apartments to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $20.00 target price on shares of BRT Apartments in a research report on Thursday, August 20th.

BRT Apartments Stock Down 0.3%

BRT Apartments stock opened at $13.39 on Monday. The stock has a market cap of $251.65 million, a price-to-earnings ratio of -19.13 and a beta of 0.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.16. The company’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $14.43. BRT Apartments has a 52 week low of $13.18 and a 52 week high of $15.97.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The company had revenue of $24.47 million during the quarter, compared to analyst estimates of $24.36 million. BRT Apartments had a negative net margin of 13.22% and a negative return on equity of 7.46%. On average, analysts expect that BRT Apartments will post 1.46 EPS for the current fiscal year.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.00 dividend on an annualized basis and a yield of 7.5%. BRT Apartments’s dividend payout ratio (DPR) is currently -142.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in BRT Apartments in the 2nd quarter worth approximately $16,311,000. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of BRT Apartments by 14.9% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after purchasing an additional 20,170 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of BRT Apartments in the second quarter valued at $1,336,000. Root Financial Partners LLC acquired a new stake in shares of BRT Apartments in the fourth quarter worth $763,000. Finally, Capital Square LLC acquired a new stake in shares of BRT Apartments in the second quarter worth $309,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership, operation and development of multifamily residential properties. Its portfolio primarily consists of apartment communities, including garden-style properties, that generate rental income from individual residents.

The company invests in and manages multifamily properties in selected markets across the United States, with a focus on regions including the Southeast, Texas and Arizona. Its activities include acquiring apartment communities, overseeing property operations, and pursuing renovations or other improvements intended to support the long-term performance of its residential portfolio.

BRT Apartments Corp.