B. Riley Comments on BRT Apartments’ Q4 Earnings (NYSE:BRT)

BRT Apartments Corp. (NYSE:BRT) – B. Riley decreased their Q4 2024 EPS estimates for shares of BRT Apartments in a report issued on Tuesday, December 10th. B. Riley analyst J. Massocca now expects that the financial services provider will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.37. B. Riley currently has a “Buy” rating and a $22.00 target price on the stock. The consensus estimate for BRT Apartments’ current full-year earnings is $1.42 per share. B. Riley also issued estimates for BRT Apartments’ Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.45 EPS.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share (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 during the quarter, compared to the consensus estimate of $23.80 million. During the same quarter in the previous year, the business earned $0.41 earnings per share.

BRT Apartments Price Performance

BRT opened at $18.76 on Friday. BRT Apartments has a 52-week low of $15.21 and a 52-week high of $20.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. The company’s 50-day simple moving average is $18.24 and its two-hundred day simple moving average is $18.06. The stock has a market capitalization of $352.80 million, a P/E ratio of -35.40, a P/E/G ratio of 2.23 and a beta of 1.11.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 currently -188.68%.

Institutional Trading of BRT Apartments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of BRT Apartments in the second quarter worth $28,000. Noesis Capital Mangement Corp bought a new position in shares of BRT Apartments during the third quarter worth $176,000. Barclays PLC increased its holdings in BRT Apartments by 295.2% in the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 10,973 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of 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 valued at $262,000 after purchasing an additional 680 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of BRT Apartments during the third quarter valued at about $320,000. 29.07% of the stock is owned by hedge funds and other 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.