BRT Apartments Corp (NYSE:BRT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.78 and traded as high as $12.29. BRT Apartments shares last traded at $12.26, with a volume of 35,157 shares traded.
Several analysts have commented on BRT shares. TheStreet cut shares of BRT Apartments from a “c+” rating to a “d” rating in a research note on Tuesday, June 23rd. ValuEngine cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, August 31st. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of BRT Apartments in a research note on Thursday, September 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. BRT Apartments presently has an average rating of “Hold” and a consensus price target of $13.33.
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day moving average is $12.40 and its 200-day moving average is $10.78. The stock has a market capitalization of $211.31 million, a price-to-earnings ratio of 12.91 and a beta of 1.19.
BRT Apartments (NYSE:BRT) last posted its earnings results on Tuesday, August 11th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.04). As a group, sell-side analysts forecast that BRT Apartments Corp will post 0.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 12th. Investors of record on Friday, September 25th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend is Thursday, September 24th.
Several institutional investors and hedge funds have recently bought and sold shares of BRT. State Street Corp lifted its stake in shares of BRT Apartments by 42.1% in the 1st quarter. State Street Corp now owns 280,549 shares of the financial services provider’s stock valued at $2,920,000 after purchasing an additional 83,087 shares during the period. JPMorgan Chase & Co. raised its position in BRT Apartments by 240.2% during the first quarter. JPMorgan Chase & Co. now owns 80,583 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 56,897 shares during the period. Avantax Advisory Services Inc. raised its position in BRT Apartments by 141.5% during the second quarter. Avantax Advisory Services Inc. now owns 72,941 shares of the financial services provider’s stock worth $785,000 after acquiring an additional 42,739 shares during the period. WINTON GROUP Ltd raised its position in BRT Apartments by 64.9% during the second quarter. WINTON GROUP Ltd now owns 68,420 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 26,925 shares during the period. Finally, BlackRock Inc. raised its position in BRT Apartments by 1.7% during the first quarter. BlackRock Inc. now owns 995,835 shares of the financial services provider’s stock worth $10,208,000 after acquiring an additional 16,906 shares during the period. Hedge funds and other institutional investors own 33.85% of the company’s stock.
BRT Apartments Company Profile (NYSE:BRT)
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.
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