BRT Apartments (NYSE:BRT) Share Price Passes Above 200-Day Moving Average of $13.75

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BRT Apartments Corp (NYSE:BRT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.75 and traded as high as $15.05. BRT Apartments shares last traded at $15.05, with a volume of 3,313 shares traded.

A number of equities analysts have recently weighed in on BRT shares. National Securities started coverage on BRT Apartments in a research note on Wednesday, July 24th. They issued a “buy” rating for the company. DA Davidson reaffirmed a “buy” rating on shares of BRT Apartments in a research note on Monday, July 29th. Finally, Zacks Investment Research lowered BRT Apartments from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.17.

The business has a 50 day moving average of $14.25 and a 200 day moving average of $13.75. The company has a market capitalization of $238.05 million, a P/E ratio of 14.75 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.22.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.48). BRT Apartments had a negative net margin of 2.84% and a negative return on equity of 1.25%. The firm had revenue of $33.12 million for the quarter, compared to the consensus estimate of $32.27 million. On average, research analysts anticipate that BRT Apartments Corp will post 0.84 EPS for the current year.

The company also recently declared a 0.20000 dividend, which will be paid on Thursday, October 10th. Investors of record on Wednesday, September 25th will be paid a dividend of $0.22 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Tuesday, September 24th. BRT Apartments’s payout ratio is presently 82.47%.

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in BRT Apartments by 64.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,675 shares of the financial services provider’s stock valued at $236,000 after buying an additional 6,525 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in BRT Apartments during the first quarter valued at approximately $1,206,000. BNP Paribas Arbitrage SA boosted its stake in BRT Apartments by 534.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,137 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,800 shares during the last quarter. SG Americas Securities LLC bought a new position in BRT Apartments during the second quarter valued at approximately $171,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in BRT Apartments during the second quarter valued at approximately $144,000. 31.89% of the stock is owned by institutional investors.

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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