BRT Apartments Corp. (NYSE:BRT) Short Interest Up 9.0% in October

BRT Apartments Corp. (NYSE:BRT - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 96,800 shares, a growth of 9.0% from the October 15th total of 88,800 shares. Approximately 0.9% of the company's shares are short sold. Based on an average daily volume of 27,100 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors and hedge funds have recently made changes to their positions in BRT. Meeder Asset Management Inc. acquired a new position in shares of BRT Apartments in the 2nd quarter valued at $28,000. BNP Paribas Financial Markets boosted its stake in BRT Apartments by 187.0% in the 1st quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider's stock worth $139,000 after purchasing an additional 5,384 shares during the period. Noesis Capital Mangement Corp acquired a new position in BRT Apartments in the 3rd quarter worth $176,000. Barclays PLC boosted its stake in BRT Apartments by 295.2% in the 3rd 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 period. Finally, 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 worth $262,000 after purchasing an additional 680 shares during the period. Institutional investors and hedge funds own 29.07% of the company's stock.

BRT Apartments Trading Up 3.7 %

Shares of BRT Apartments stock traded up $0.68 on Friday, hitting $19.14. 86,236 shares of the company's stock traded hands, compared to its average volume of 41,305. The firm's 50-day moving average price is $17.80 and its two-hundred day moving average price is $17.85. The stock has a market capitalization of $360.02 million, a PE ratio of -36.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.07. BRT Apartments has a one year low of $15.21 and a one year high of $20.12. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94.

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 the consensus estimate of $0.35 by ($0.47). The business had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.80 million. BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, research analysts expect that BRT Apartments will post 1.42 EPS for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Tuesday, September 24th. BRT Apartments's dividend payout ratio (DPR) is -188.68%.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective on shares of BRT Apartments from $20.50 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th.

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.