BRT Apartments (BRT) Scheduled to Post Earnings on Thursday

BRT Apartments (NYSE:BRT) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

BRT Apartments (NYSE:BRT) last released its earnings results on Friday, August 9th. The financial services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.50). BRT Apartments had a negative net margin of 9.24% and a negative return on equity of 3.89%. The business had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $23.45 million. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts expect BRT Apartments to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BRT Apartments Stock Up 1.4 %

BRT traded up $0.22 during trading hours on Tuesday, hitting $16.50. 14,770 shares of the stock were exchanged, compared to its average volume of 31,639. The stock has a 50-day simple moving average of $17.85 and a 200-day simple moving average of $17.81. BRT Apartments has a 12 month low of $15.21 and a 12 month high of $20.12. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.06%. The ex-dividend date was Tuesday, September 24th. BRT Apartments’s dividend payout ratio (DPR) is presently -204.08%.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

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.