BRT Apartments Corp. (NYSE:BRT – Get Free Report) announced a quarterly dividend on Wednesday, June 10th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Thursday, June 25th.
BRT Apartments has increased its dividend payment by an average of 0.0%annually over the last three years. BRT Apartments has a dividend payout ratio of -181.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
BRT Apartments Stock Down 0.2%
NYSE BRT opened at $14.86 on Tuesday. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $279.68 million, a PE ratio of -22.86 and a beta of 0.86. BRT Apartments has a 1 year low of $13.18 and a 1 year high of $16.69. The business’s 50-day moving average is $14.50 and its 200 day moving average is $14.51.
About BRT Apartments
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.
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