BRT Apartments (NYSE:BRT – Get Free Report) released its quarterly earnings results on Friday. The financial services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.50), Zacks reports. BRT Apartments had a net margin of 5.10% and a return on equity of 2.06%. The business had revenue of $23.86 million during the quarter, compared to analyst estimates of $23.45 million. During the same quarter last year, the company posted $0.37 earnings per share.
BRT Apartments Price Performance
Shares of BRT stock traded down $0.28 on Monday, reaching $17.27. The company had a trading volume of 34,857 shares, compared to its average volume of 34,925. The business’s 50-day moving average is $17.78 and its 200 day moving average is $17.20. BRT Apartments has a one year low of $15.21 and a one year high of $20.12. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $321.93 million, a PE ratio of 78.23, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.
BRT Apartments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 5.79%. BRT Apartments’s dividend payout ratio is currently 454.55%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on BRT
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.
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