BRT

BRT Apartments
BRT
Market cap $312M

17.54 USD

-0.22

1.24%

At close Oct 17, 4:00 PM EDT

1 day

-1.24%

5 days

1.92%

1 month

-7.15%

3 months

-5.95%

6 months

6.17%

Year to date

-7.73%

1 year

-1.79%

5 years

8.27%

About: BRT Apartments Corp is a real estate investment trust company. The company is primarily focused on the ownership, operation, and development of multi-family properties. BRT also owns and operates other real estate assets. All of the Company's assets are comprised of multi-family real estate assets generally leased to tenants on a one-year basis.

Employees: 10

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

640% more call options, than puts

Call options by funds: $718K | Put options by funds: $97K

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

2% more funds holding

Funds holding: 85 [Q1] → 87 (+2) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 28

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1% less capital invested

Capital invested by funds: $89.3M [Q1] → $88M (-$1.3M) [Q2]

1.6% less ownership

Funds ownership: 28.57% [Q1] → 26.97% (-1.6%) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$21

20%

upside

Avg. target

$21

20%

upside

High target

$21

20%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities

John Massocca

100% 1-year accuracy

1 / 1 met price target

20%upside

$21

Buy

Maintained

12 Sept 2024

See Analyst Rankings

Financial journalist opinion

BRT Apartments: A Turnaround Opportunity Is On The Horizon

BRT Apartments Corp. is a multifamily REIT with strong occupancy rates and rents per unit, despite its recent financial challenges. Rising interest expenses and negative real growth have led to net losses, but refinancing could alleviate financial strain. Negative real revenue growth might abate as disinflation cools.

BRT Apartments: A Turnaround Opportunity Is On The Horizon

My Dividend Stock Portfolio: New August Dividend Record - 101 Holdings With 17 Buys

Investment activity remained high in August, focusing on BDCs aiming to increase dividend income by at least $100 each month. Main portfolio picks included Ares Capital, Hercules Capital and Goldman Sachs BDC. Adjusted dividend income hit an all-time high in August, up 19% Y/Y.

My Dividend Stock Portfolio: New August Dividend Record - 101 Holdings With 17 Buys

BRT Apartments Corp. Announces Quarterly Dividend

GREAT NECK, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share. The dividend is payable October 2, 2024, to stockholders of record at the close of business on September 24, 2024. BRT estimates that if it does not sell any multi-family properties this year, that substantially all of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital.

BRT Apartments Corp. Announces Quarterly Dividend

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

Massive Apartment Deals Demonstrate Value Of Apartment REITs

Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.

Massive Apartment Deals Demonstrate Value Of Apartment REITs

BRT Apartments: Well-Positioned To Benefit From Real Estate Cap Rate Compression

BRT Apartments is a residential REIT focused on the Sun Belt region. The REIT has underperformed the Vanguard Real Estate Index Fund so far in 2024. Q2 showed lower adjused FFO but higher net operating income, with occupancy flat Y/Y.

BRT Apartments: Well-Positioned To Benefit From Real Estate Cap Rate Compression

Zacks Investment Research

BRT Realty (BRT) Q2 FFO Miss Estimates

BRT Realty (BRT) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.37 per share a year ago.

BRT Realty (BRT) Q2 FFO Miss Estimates

BRT Apartments Corp. Files Second Quarter 2024 Financial Statements

GREAT NECK, N.Y., Aug. 09, 2024 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, announced that it has filed its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. The financial statements and supplemental financial information can be accessed on the Company's investor relations website under the caption “Financials – Quarterly Results.”

BRT Apartments Corp. Files Second Quarter 2024 Financial Statements

Dividend Income: Lanny's July 2024 Summary

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Dividend Income: Lanny's July 2024 Summary

7 Potential Mousetrap REITs - High, Potentially Unsafe Yields

From a fundamental standpoint, this may be a good time to invest in REITs with high yields. It's crucial to avoid mousetrap REITs with high dividend yields that may be unsustainable, as dividend cuts quickly lead to dramatic losses in share value and reduced income. This article lists 22 equity REITs in significant danger of a dividend cut within the next 12 months.

7 Potential Mousetrap REITs - High, Potentially Unsafe Yields

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