BRT Apartments Corp. (NYSE:BRT) Short Interest Update

BRT Apartments Corp. (NYSE:BRT) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 105,100 shares, a growth of 8.6% from the October 31st total of 96,800 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 40,700 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of BRT Apartments

A number of hedge funds have recently modified their holdings of BRT. Meeder Asset Management Inc. purchased a new stake in shares of BRT Apartments in the second quarter valued at $28,000. Noesis Capital Mangement Corp purchased a new stake in shares of BRT Apartments in the third quarter valued at $176,000. Barclays PLC lifted its holdings 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 valued at $258,000 after purchasing an additional 10,973 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of 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 purchasing an additional 680 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of BRT Apartments in the third quarter valued at $320,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price target on BRT Apartments from $20.50 to $21.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

BRT Apartments Price Performance

NYSE BRT traded down $0.15 on Wednesday, reaching $19.24. 5,501 shares of the stock traded hands, compared to its average volume of 35,826. BRT Apartments has a 12 month low of $15.21 and a 12 month high of $20.22. The firm’s fifty day simple moving average is $18.06 and its 200 day simple moving average is $17.98. The company has a market cap of $361.90 million, a price-to-earnings ratio of -36.30, a P/E/G ratio of 2.33 and a beta of 1.11. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings data 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 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 EPS. As a group, research analysts predict that BRT Apartments will post 1.42 EPS for the current fiscal year.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.20%. BRT Apartments’s dividend payout ratio (DPR) is presently -188.68%.

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.