B. Riley Estimates BRT Apartments FY2026 Earnings

BRT Apartments Corp. (NYSE:BRT) – Equities research analysts at B. Riley issued their FY2026 earnings per share estimates for BRT Apartments in a research report issued to clients and investors on Tuesday, December 10th. B. Riley analyst J. Massocca expects that the financial services provider will post earnings of ($0.57) per share for the year. B. Riley currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for BRT Apartments’ current full-year earnings is $1.42 per share.

BRT Apartments Stock Performance

BRT stock opened at $18.76 on Thursday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. BRT Apartments has a twelve month low of $15.21 and a twelve month high of $20.22. The business’s fifty day moving average is $18.24 and its 200-day moving average is $18.05. The company has a market cap of $352.88 million, a P/E ratio of -35.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.47). BRT Apartments had a negative return on equity of 4.33% and a negative net margin of 9.94%. The business had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.80 million. During the same quarter in the prior year, the firm earned $0.41 EPS.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a $0.25 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.33%. BRT Apartments’s dividend payout ratio is -188.68%.

Hedge Funds Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 buying an additional 9,483 shares during the period. Clear Creek Financial Management LLC raised its position in shares of BRT Apartments by 4.7% during the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 680 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $1,699,000 after purchasing an additional 5,207 shares in the last quarter. ClariVest Asset Management LLC grew its position in shares of BRT Apartments by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock valued at $782,000 after purchasing an additional 1,251 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in BRT Apartments during the 2nd quarter worth approximately $28,000. 29.07% of the stock is owned by institutional investors.

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.