BRT Apartments (BRT) Scheduled to Post Earnings on Tuesday

BRT Apartments (NYSE:BRT) will post its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect BRT Apartments to post earnings of $0.37 per share for the quarter.

BRT Apartments Price Performance

Shares of BRT stock traded down $0.47 during trading on Tuesday, hitting $18.59. The company had a trading volume of 9,822 shares, compared to its average volume of 35,245. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $346.52 million, a P/E ratio of 84.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The stock’s 50-day moving average price is $17.64 and its 200 day moving average price is $17.19. BRT Apartments has a one year low of $15.21 and a one year high of $20.12.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Tuesday, June 25th. BRT Apartments’s dividend payout ratio (DPR) is currently 454.57%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $24.00 price objective on shares of BRT Apartments in a research report on Tuesday, May 21st. B. Riley boosted their price objective on shares of BRT Apartments from $19.50 to $20.50 and gave the company a “buy” rating in a research report on Friday, May 17th.

BRT Apartments Company Profile

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.