BRT Apartments Corp. (NYSE:BRT – Get Free Report) declared a quarterly dividend on Tuesday, March 11th, RTT News reports. Investors of record on Thursday, March 27th will be given a dividend of 0.25 per share by the financial services provider on Friday, April 4th. This represents a $1.00 annualized dividend and a yield of 5.32%. The ex-dividend date is Thursday, March 27th.
BRT Apartments has raised its dividend by an average of 3.6% annually over the last three years. BRT Apartments has a payout ratio of -222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect BRT Apartments to earn $1.45 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 69.0%.
BRT Apartments Stock Performance
NYSE:BRT opened at $18.81 on Thursday. The firm has a market capitalization of $353.74 million, a PE ratio of -35.49 and a beta of 1.11. The business’s fifty day moving average price is $17.58 and its 200 day moving average price is $18.02. 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 has a 12 month low of $15.47 and a 12 month high of $20.22.
Analysts Set New Price Targets
View Our Latest Stock Analysis on BRT
About BRT Apartments
BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.
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