BRT Apartments Corp. (NYSE:BRT – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 90,100 shares, a decline of 9.4% from the August 31st total of 99,500 shares. Based on an average daily trading volume, of 27,100 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.8% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Separately, B. Riley lifted their price target on BRT Apartments from $20.50 to $21.00 and gave the company a “buy” rating in a report on Thursday, September 12th.
View Our Latest Stock Report on BRT
Institutional Investors Weigh In On BRT Apartments
BRT Apartments Stock Up 2.6 %
Shares of BRT Apartments stock traded up $0.45 during trading on Tuesday, hitting $18.03. 29,916 shares of the stock traded hands, compared to its average volume of 32,807. The stock has a market cap of $336.10 million, a P/E ratio of 79.55, a PEG ratio of 2.16 and a beta of 1.07. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.90 and a current ratio of 0.90. BRT Apartments has a twelve month low of $15.21 and a twelve month high of $20.12. The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $17.72.
BRT Apartments (NYSE:BRT – Get Free Report) last posted its earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.50). BRT Apartments had a negative return on equity of 3.89% and a negative net margin of 9.24%. The company had revenue of $23.86 million during the quarter, compared to analyst estimates of $23.45 million. During the same quarter last year, the firm posted $0.37 earnings per share. Equities research analysts predict that BRT Apartments will post 1.42 EPS for the current fiscal year.
BRT Apartments Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.00 annualized dividend and a yield of 5.55%. BRT Apartments’s dividend payout ratio (DPR) is currently 454.55%.
About BRT Apartments
BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.
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