BRT Apartments Corp. (NYSE:BRT) Short Interest Update

BRT Apartments Corp. (NYSE:BRT) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 96,800 shares, an increase of 9.0% from the October 15th total of 88,800 shares. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 3.6 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Trading of BRT Apartments

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in BRT Apartments by 1.6% in 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 in the last quarter. State Street Corp increased its holdings in shares of BRT Apartments by 0.6% in the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after buying an additional 1,561 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BRT Apartments by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after buying an additional 3,552 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BRT Apartments by 5.7% in 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 buying an additional 5,207 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of BRT Apartments in the 3rd quarter worth $1,594,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on shares of BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

BRT Apartments Stock Up 3.7 %

BRT stock traded up $0.68 during trading on Friday, reaching $19.14. The stock had a trading volume of 86,236 shares, compared to its average volume of 41,305. BRT Apartments has a one year low of $15.21 and a one year high of $20.12. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The company’s 50 day moving average is $17.80 and its two-hundred day moving average is $17.85. The company has a market capitalization of $360.02 million, a price-to-earnings ratio of -36.11, a P/E/G ratio of 2.25 and a beta of 1.07.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). The firm had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.80 million. BRT Apartments had a negative return on equity of 4.33% and a negative net margin of 9.94%. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that BRT Apartments will post 1.42 EPS for the current year.

BRT Apartments Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Tuesday, September 24th. BRT Apartments’s payout ratio is currently -188.68%.

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.