BRT Apartments (BRT) Projected to Post Earnings on Tuesday

BRT Apartments (NYSE:BRT) is expected to be posting its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect BRT Apartments to post earnings of ($0.12) per share and revenue of $24.65 million for the quarter.

BRT Apartments Stock Performance

BRT opened at $17.92 on Tuesday. The stock has a market cap of $336.91 million, a P/E ratio of -33.80 and a beta of 1.12. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $17.58 and its 200 day simple moving average is $18.03. BRT Apartments has a 1-year low of $15.31 and a 1-year high of $20.22.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments’s dividend payout ratio is currently -188.68%.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price target on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.