B. Riley Has Pessimistic View of BRT Apartments Q4 Earnings

BRT Apartments Corp. (NYSE:BRT - Free Report) - Research analysts at B. Riley reduced their Q4 2024 EPS estimates for shares of BRT Apartments in a report issued on Tuesday, December 10th. B. Riley analyst J. Massocca now forecasts that the financial services provider will earn $0.36 per share for the quarter, down from their prior estimate 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 - Get Free Report) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.47). BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. The business had revenue of $24.40 million during the quarter, compared to analysts' expectations of $23.80 million. During the same period in the prior year, the business posted $0.41 EPS.

BRT Apartments Stock Down 1.0 %

NYSE BRT traded down $0.18 during trading hours on Friday, hitting $18.56. The company had a trading volume of 4,907 shares, compared to its average volume of 35,725. The firm's 50 day moving average is $18.22 and its 200 day moving average is $18.04. BRT Apartments has a fifty-two week low of $15.21 and a fifty-two week high of $20.22. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BRT. Meeder Asset Management Inc. acquired a new stake in BRT Apartments during the 2nd quarter valued at approximately $28,000. Noesis Capital Mangement Corp acquired a new stake in shares of BRT Apartments during the third quarter worth approximately $176,000. Barclays PLC increased its stake in shares of BRT Apartments by 295.2% in the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider's stock worth $258,000 after buying an additional 10,973 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in BRT Apartments by 4.7% in 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 acquiring an additional 680 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in BRT Apartments during the 3rd quarter valued at $320,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.00 annualized dividend and a dividend yield of 5.39%. BRT Apartments's payout ratio is currently -188.68%.

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.