Q4 Earnings Forecast for BRT Apartments Issued By B. Riley

BRT Apartments Corp. (NYSE:BRT) – Analysts at B. Riley cut their Q4 2024 earnings per share estimates for shares of BRT Apartments in a research note issued on Tuesday, December 10th. B. Riley analyst J. Massocca now anticipates 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 announced 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 company had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.80 million. During the same quarter last year, the company posted $0.41 earnings per share.

BRT Apartments Price Performance

Shares of BRT opened at $18.76 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The stock has a market cap of $352.88 million, a PE ratio of -35.40, a PEG ratio of 2.23 and a beta of 1.11. BRT Apartments has a 12-month low of $15.21 and a 12-month high of $20.22. The business has a 50-day simple moving average of $18.24 and a two-hundred day simple moving average of $18.05.

BRT Apartments Dividend Announcement

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

Institutional Trading of BRT Apartments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of BRT Apartments by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock valued at $10,357,000 after purchasing an additional 9,483 shares during the period. ClariVest Asset Management LLC grew its holdings in shares of BRT Apartments by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock valued at $782,000 after buying an additional 1,251 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 during the last quarter. Meeder Asset Management Inc. bought a new stake in BRT Apartments during the second quarter worth $28,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of BRT Apartments by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after acquiring an additional 3,552 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Company Profile

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.