BRT Apartments Corp. (NYSE:BRT) Plans Quarterly Dividend of $0.25

BRT Apartments Corp. (NYSE:BRT) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 28th.

BRT Apartments has raised its dividend payment by an average of 0.0%annually over the last three years. BRT Apartments has a payout ratio of -181.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect BRT Apartments to earn $1.54 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 64.9%.

BRT Apartments Stock Down 0.8%

Shares of NYSE:BRT opened at $13.83 on Friday. BRT Apartments has a 52-week low of $13.18 and a 52-week high of $16.66. The stock has a market cap of $259.98 million, a P/E ratio of -19.76 and a beta of 0.83. The business has a fifty day moving average of $14.58 and a two-hundred day moving average of $14.48. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.16.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The business had revenue of $24.47 million for the quarter, compared to analyst estimates of $24.36 million. BRT Apartments had a negative return on equity of 7.46% and a negative net margin of 13.22%. On average, research analysts expect that BRT Apartments will post 1.46 earnings per share for the current year.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust (REIT) focused on the ownership, operation and development of multifamily residential properties. Its portfolio primarily consists of apartment communities, including garden-style properties, that generate rental income from individual residents.

The company invests in and manages multifamily properties in selected markets across the United States, with a focus on regions including the Southeast, Texas and Arizona. Its activities include acquiring apartment communities, overseeing property operations, and pursuing renovations or other improvements intended to support the long-term performance of its residential portfolio.

BRT Apartments Corp.