Q4 Earnings Estimate for BRT Apartments Issued By B. Riley

BRT Apartments Corp. (NYSE:BRT) – B. Riley cut their Q4 2024 earnings per share estimates for BRT Apartments in a research note issued to investors on Tuesday, December 10th. B. Riley analyst J. Massocca now anticipates that the financial services provider will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.37. B. Riley 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 (NYSE:BRT) last posted its quarterly earnings data 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 firm had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.80 million. During the same quarter last year, the firm earned $0.41 EPS.

BRT Apartments Trading Up 0.1 %

Shares of NYSE:BRT opened at $18.76 on Friday. 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 firm 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. The business’s 50-day moving average is $18.24 and its 200 day moving average is $18.06. BRT Apartments has a 1 year low of $15.21 and a 1 year high of $20.22.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.25 dividend. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in BRT Apartments in the second quarter valued at approximately $28,000. Noesis Capital Mangement Corp acquired a new stake in shares of BRT Apartments in the third quarter worth $176,000. Barclays PLC raised its holdings in shares of BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 10,973 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in 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 valued at $262,000 after purchasing an additional 680 shares during the period. Finally, Tidal Investments LLC purchased a new stake in BRT Apartments in the third quarter valued at $320,000. 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.