B. Riley Brokers Lower Earnings Estimates for BRT Apartments

BRT Apartments Corp. (NYSE:BRT) – Stock analysts at B. Riley dropped their Q4 2024 EPS estimates for BRT Apartments in a research report issued on Tuesday, December 10th. B. Riley analyst J. Massocca now forecasts that the financial services provider will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.37. 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. 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 Stock Up 0.1 %

BRT opened at $18.76 on Friday. The stock’s fifty day simple moving average is $18.24 and its 200 day simple moving average is $18.05. BRT Apartments has a 1-year low of $15.21 and a 1-year high of $20.22. The stock has a market cap of $352.88 million, a PE ratio of -35.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $0.41 EPS.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd 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 5.33%. The ex-dividend date is Monday, December 23rd. BRT Apartments’s dividend payout ratio is presently -188.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of BRT Apartments by 1.6% during the first quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock worth $10,357,000 after acquiring an additional 9,483 shares during the period. Clear Creek Financial Management LLC boosted its stake in BRT Apartments by 4.7% in 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 period. Bank of New York Mellon Corp grew its holdings in 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 valued at $1,699,000 after buying an additional 5,207 shares in the last quarter. ClariVest Asset Management LLC increased its position 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, Meeder Asset Management Inc. acquired a new stake in shares of BRT Apartments during the second quarter worth $28,000. 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.