BRT Apartments (NYSE:BRT) Price Target Increased to $21.00 by Analysts at B. Riley

BRT Apartments (NYSE:BRT) had its target price upped by B. Riley from $20.50 to $21.00 in a research report released on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for BRT Apartments’ Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.41 EPS.

Separately, JMP Securities reiterated a market outperform rating and issued a $24.00 price target on shares of BRT Apartments in a research note on Tuesday, May 21st.

BRT Apartments Stock Up 2.0 %

Shares of NYSE BRT opened at $19.00 on Thursday. BRT Apartments has a 52 week low of $15.21 and a 52 week high of $20.12. The stock’s fifty day moving average is $18.23 and its 200 day moving average is $17.52. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $354.18 million, a P/E ratio of 86.36, a PEG ratio of 2.02 and a beta of 1.07.

BRT Apartments (NYSE:BRT) last issued 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). The firm had revenue of $23.86 million during the quarter, compared to analyst estimates of $23.45 million. BRT Apartments had a negative net margin of 9.24% and a negative return on equity of 3.89%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Sell-side analysts forecast that BRT Apartments will post 1.5 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Tuesday, September 24th. BRT Apartments’s payout ratio is 454.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of BRT Apartments by 187.0% during the first quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 5,384 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in BRT Apartments by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,726 shares during the period. Vanguard Group Inc. raised its position in BRT Apartments by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock worth $10,357,000 after purchasing an additional 9,483 shares during the last quarter. ClariVest Asset Management LLC lifted its holdings in BRT Apartments by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after buying an additional 1,251 shares during the period. Finally, Clear Creek Financial Management LLC lifted its holdings in BRT Apartments by 4.7% during the 2nd quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock worth $262,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.