BRT Apartments Corp. (NYSE:BRT) Short Interest Update

BRT Apartments Corp. (NYSE:BRT) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 250,200 shares, an increase of 33.5% from the March 15th total of 187,415 shares. Based on an average daily volume of 85,494 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.3% of the shares of the company are short sold.

BRT Apartments Price Performance

Shares of BRT Apartments stock traded up $0.21 during trading hours on Friday, reaching $14.42. The stock had a trading volume of 22,431 shares, compared to its average volume of 48,863. The stock’s 50 day moving average is $14.27 and its 200 day moving average is $14.61. The firm has a market capitalization of $273.71 million, a PE ratio of -22.89 and a beta of 0.91. BRT Apartments has a twelve month low of $13.18 and a twelve month high of $16.69. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.87.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Thursday, March 12th. The financial services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.59). The firm had revenue of $24.29 million during the quarter, compared to analyst estimates of $24.41 million. BRT Apartments had a negative return on equity of 6.33% and a negative net margin of 12.31%. Equities analysts expect that BRT Apartments will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were given a $0.25 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.9%. BRT Apartments’s dividend payout ratio is -158.73%.

Analysts Set New Price Targets

Several equities research analysts have commented on BRT shares. Wall Street Zen raised shares of BRT Apartments from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRT Apartments in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after buying an additional 955 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in BRT Apartments by 725.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,539 shares during the last quarter. Silverberg Bernstein Capital Management LLC boosted its holdings in BRT Apartments by 14.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock worth $2,077,000 after buying an additional 20,170 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in BRT Apartments in the 4th quarter worth about $113,000. Finally, Root Financial Partners LLC acquired a new stake in BRT Apartments in the 4th quarter worth about $763,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.