BRT Realty Trust (NYSE:BRT) announced that its Board of Directors has initiated a share repurchase plan, which authorizes the company to buyback $5.00 million in shares on Tuesday, September 12th, EventVestor reports. This buyback authorization authorizes the financial services provider to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Shares of BRT Realty Trust (NYSE:BRT) opened at 10.26 on Friday. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $8.04. The stock has a market capitalization of $143.90 million, a price-to-earnings ratio of 13.00 and a beta of 0.16. BRT Realty Trust has a one year low of $7.36 and a one year high of $10.46.

BRT Realty Trust (NYSE:BRT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.24) EPS for the quarter. BRT Realty Trust had a return on equity of 5.07% and a net margin of 10.81%. The firm had revenue of $26.86 million for the quarter. Equities research analysts forecast that BRT Realty Trust will post ($0.63) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 7.02%. The ex-dividend date is Friday, September 22nd.

Separately, TheStreet lowered shares of BRT Realty Trust from a “c” rating to a “d+” rating in a report on Friday, August 25th.

TRADEMARK VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at

About BRT Realty Trust

BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.

Receive News & Ratings for BRT Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Realty Trust and related companies with's FREE daily email newsletter.