Analysts Provide BRT Apartments Corp. Earnings Forecasts from Q1 2025 (NYSE:BRT)

BRT Apartments Corp. (NYSE:BRT – Free Report) – Equities research analysts at B. Riley decreased their Q1 2025 earnings per share (EPS) estimates for BRT Apartments in a research report issued to clients and investors on Thursday, 12 September. B. Riley analyst J. Massocca now forecasts that the financial services provider will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for BRT Apartments’ current full-year earnings is $1.50 per share. B. Riley also issued estimates for BRT Apartments’ 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 reissued a “market outperform” rating and issued a $24.00 target price on shares of BRT Apartments in a report on Tuesday, May 21st.

Check out the latest stock analysis on BRT

BRT apartment stocks up 1.8%

Shares of BRT stock opened at $18.97 on Friday. The company has a market cap of $356.07 million, a P/E ratio of 86.23, a price-to-earnings-growth ratio of 2.02 and a beta of 1.07. BRT Apartments has a 12-month low of $15.21 and a 12-month high of $20.12. The company’s fifty-day simple moving average is $18.23, and its 200-day simple moving average is $17.50. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.90, and a quick ratio of 0.90.

BRT Apartments (NYSE:BRT – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share 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 company had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $23.45 million. In the same quarter last year, the firm posted EPS of $0.37.

Institutional investors are stepping in on BRT apartments

A number of hedge funds have recently modified their holdings of the business. Wealth Alliance grew its position in shares of BRT Apartments by 2.6% in the second quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 681 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in BRT Apartments by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock valued at $2,758,000 after buying an additional 3,552 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of BRT Apartments in the second quarter valued at $28,000. ClariVest Asset Management LLC boosted its stake in BRT Apartments by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of BRT Apartments by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock worth $1,699,000 after acquiring an additional 5,207 shares during the period. 29.07% of the shares are currently owned by institutional investors and hedge funds.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be paid a $0.25 dividend. This represents an annualized dividend of $1.00 and a yield of 5.27%. The ex-dividend date of this dividend is Tuesday, September 24th. BRT Apartments’ dividend payout ratio is currently 454.57%.

About BRT Apartments

(Get a free report)

BRT is a real estate investment trust that owns, operates and, to a lesser extent, owns interests in joint ventures that own multifamily properties. As of December 31, 2023, BRT owns or has interests in 28 multifamily properties with 7,707 units in 11 states.

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