BRT is a real estate investment trust that owns, operates and develops multi-family properties.
IPO Year:
Exchange: NYSE
Website: brtapartments.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $19.50 | Buy | B. Riley Securities |
| 5/9/2022 | Neutral | BTIG Research | |
| 3/21/2022 | $19.00 → $29.00 | Neutral → Buy | B. Riley Securities |
| 3/3/2022 | $29.00 | Buy | EF Hutton |
| 9/3/2021 | $25.00 | Buy | Colliers Securities |
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
4 - BRT Apartments Corp. (0000014846) (Issuer)
GREAT NECK, N.Y., Dec. 01, 2020 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.22 per share. The dividend is payable January 7, 2021 to stockholders of record on December17, 2020. For Federal income tax purposes, this dividend will be included in 2021 taxable income. About BRT Apartments Corp: BRT is a real estate investment trust that directly, or through joint ventures, owns and operates multi-family properties. Additional financial and descriptive information on BRT, its operations and its portfolio, is available at BRT’s website at: http://brtapartments.com. Interested parti
8-K - BRT Apartments Corp. (0000014846) (Filer)
10-Q - BRT Apartments Corp. (0000014846) (Filer)
8-K - BRT Apartments Corp. (0000014846) (Filer)
8-K - BRT Apartments Corp. (0000014846) (Filer)
10-Q - BRT Apartments Corp. (0000014846) (Filer)
8-K - BRT Apartments Corp. (0000014846) (Filer)
S-8 - BRT Apartments Corp. (0000014846) (Filer)
8-K - BRT Apartments Corp. (0000014846) (Filer)
8-K - BRT Apartments Corp. (0000014846) (Filer)
10-Q - BRT Apartments Corp. (0000014846) (Filer)
GREAT NECK, N.Y., Nov. 07, 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 September 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 is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family prop
GREAT NECK, N.Y., Oct. 31, 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, today announced it intends to file its Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission on or about November 7, 2024. 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 September 30, 2024, BRT owns or has interests in 29 multi-family properties with 7,947 units in 11 states. For additional information on BRT's ope
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. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portf
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 is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family propertie
GREAT NECK, N.Y., July 24, 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, today announced it intends to file its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission on or about August 7, 2024. 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 June 30, 2024, BRT owns or has interests in 29 multi-family properties with 7,947 units in 11 states. For additional information on BRT's operations, act
GREAT NECK, N.Y., June 11, 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 July 9, 2024, to stockholders of record at the close of business on June 25, 2024. BRT estimates that if it does not sell any multi-family properties this year, that a significant portion of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portfolio,
GREAT NECK, N.Y., May 08, 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 March 31, 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 is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family prope
GREAT NECK, N. Y., April 25, 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, today announced it intends to file its Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission on or about May 9, 2024. The Company does not intend to conduct an earnings call to discuss the results. 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 March 31, 2024, BRT owns or has interests in 29 multi-family properties w
GREAT NECK, N.Y., March 12, 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, today reported results for the fourth quarter and year ended December 31, 2023. Highlights Reported results for the fourth quarter of 2023 of net loss of $1.7 million, or $(0.11) per diluted share, Funds from Operations, or FFO, of $0.34 per diluted share and Adjusted Funds from Operations, or AFFO, of $0.38 per diluted share.Reported results for 2023 of net income of $3.9 million, or $0.16 per diluted share, FFO of $1.19 per diluted share and AFFO of $1.52
GREAT NECK, N.Y., March 11, 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 April 4, 2024, to stockholders of record at the close of business on March 27, 2024. BRT estimates that if it does not sell any multi-family properties this year, that a significant portion of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portfo
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. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portf
GREAT NECK, N.Y., June 11, 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 July 9, 2024, to stockholders of record at the close of business on June 25, 2024. BRT estimates that if it does not sell any multi-family properties this year, that a significant portion of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portfolio,
GREAT NECK, N.Y., March 12, 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, today reported results for the fourth quarter and year ended December 31, 2023. Highlights Reported results for the fourth quarter of 2023 of net loss of $1.7 million, or $(0.11) per diluted share, Funds from Operations, or FFO, of $0.34 per diluted share and Adjusted Funds from Operations, or AFFO, of $0.38 per diluted share.Reported results for 2023 of net income of $3.9 million, or $0.16 per diluted share, FFO of $1.19 per diluted share and AFFO of $1.52
GREAT NECK, N.Y., March 11, 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 April 4, 2024, to stockholders of record at the close of business on March 27, 2024. BRT estimates that if it does not sell any multi-family properties this year, that a significant portion of its dividends to be paid in 2024 will be treated for federal income tax purposes as a return of capital. About BRT Apartments Corp: BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portfo
GREAT NECK, N.Y., Feb. 21, 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, today announced it will release financial results for the fourth quarter ended December 31, 2023 after the market closes on Tuesday, March 12, 2024. The Company will host a conference call and webcast to review its fourth quarter results with investors and other interested parties at 9:00 a.m. ET on Wednesday, March 13, 2024. To participate in the conference call, callers from the United States and Canada should dial 1-888-349-0092, and international callers shou
GREAT NECK, New York, Dec. 04, 2023 (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 January 5, 2024, to stockholders of record at the close of business on December 20, 2023. The Company estimates that substantially all of this dividend will be included in 2024 taxable income. The Company also announced that its Board of Directors authorized the replenishment of its August 2023 stock repurchase authorization. From mid-August 2023 through December 1, 2023, the Company repurchased approximately $7.2 million of shares at a weighted average price of approximately $17.95 pe
GREAT NECK, N.Y., Nov. 06, 2023 (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, today reported results for the third quarter ended September 30, 2023. Highlights Reported results for the third quarter of 2023 of net loss of $1.5 million, or $(0.08) per diluted share, Funds from Operations, or FFO, of $0.31 per diluted share and Adjusted Funds from Operations, or AFFO, of $0.41 per diluted share.Equity in earnings of unconsolidated joint ventures was $426,000 in the third quarter of 2023 and $135,000 for the corresponding 2022 quarte
GREAT NECK, N.Y., Oct. 24, 2023 (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, today announced it will release financial results for the third quarter ended September 30, 2023 after the market closes on Monday, November 6, 2023. The Company will host a conference call and webcast to review its results and 2023 outlook with investors and other interested parties at 9:00 a.m. ET on Tuesday, November 7, 2023. To participate in the conference call, callers from the United States and Canada should dial 1-888-349-0092, and international callers
GREAT NECK, N.Y., Sept. 21, 2023 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a multi-family real estate investment trust, today announced the Board of Directors has declared a quarterly dividend of $0.25 per share. The dividend is payable on October 11, 2023 to stockholders of record at the close of business on October 3, 2023. 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 June 30, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states. For additional information on BRT's operations, activities and properties, please visit its website
NEW YORK, Aug. 9, 2023 /PRNewswire/ -- Rainbow Realty Group, LLC and Rainbow Realty Group II, LLC (collectively "Rainbow") and MJ Real Estate Investment Trust ("MJ REIT"), nationwide owners and lenders of real estate to the US cannabis industry, today announced that it acquired, in a sale-leaseback, a 21,600 square foot modern concrete industrial building located in Sacramento for $4.0 million. The going-in unlevered cap rate on the transaction is 12.6%. At closing, the tenant entered into a 15-year absolute net lease. The Tenant, who has been a profitable operator in Califo
B. Riley Securities resumed coverage of BRT Apartments with a rating of Buy and set a new price target of $19.50
BTIG Research resumed coverage of BRT Apartments with a rating of Neutral
B. Riley Securities upgraded BRT Apartments from Neutral to Buy and set a new price target of $29.00 from $19.00 previously
EF Hutton initiated coverage of BRT Apartments with a rating of Buy and set a new price target of $29.00
Colliers Securities initiated coverage of BRT Apartments with a rating of Buy and set a new price target of $25.00
DA Davidson reiterated coverage of BRT Apartments with a rating of Buy and set a new price target of $23.00 from $15.00 previously
JMP Securities analyst Aaron Hecht reiterates BRT Apartments (NYSE:BRT) with a Market Outperform and maintains $24 price target.
B. Riley Securities analyst Craig Kucera maintains BRT Apartments (NYSE:BRT) with a Buy and raises the price target from $19.5 to $20.5.
BRT Apartments (NYSE:BRT) reported quarterly sales of $23.403 million which missed the analyst consensus estimate of $23.724 million by 1.35 percent. This is a 2.02 percent increase over sales of $22.939 million the same period last year.
Although U.S. stocks closed mostly lower on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Harrow The Trade: Harrow, Inc. (NASDAQ:HROW) 10% owner Opaleye Management Inc. acquired a total of 50,600 shares an ave
JMP Securities analyst Aaron Hecht maintains BRT Apartments (NYSE:BRT) with a Outperform and lowers the price target from $28 to $24.
BRT Apartments (NYSE:BRT) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.28 by 35.71 percent. The company reported quarterly sales of $23.51 million which missed the analyst consensus estimate of $23.82 million by 1.31 percent. This is a 3.51 percent increase over sales of $22.71 million the same period last year.
Companies Reporting Before The Bell • Aurora Mobile (NASDAQ:JG) is likely to report earnings for its fourth quarter. • MINISO Group Holding (NYSE:MNSO) is likely to report quarterly earnings at $0.27 per share on revenue of $530.30 million. • BioXcel Therapeutics (NASDAQ:BTAI) is likely to report quarterly loss at $0.91 per share on revenue of $710 thousand. • Enfusion (NYSE:ENFN) is likely to report quarterly earnings at $0.05 per share on revenue of $45.27 million. • Tupperware Brands (NYSE:TUP) is estimated to report earnings for its second quarter. • Kanzhun (NASDAQ:BZ) is expected to report quarterly earnings at $0.16 per share on revenue of $214.08 million. • Manchester United (
Monday marks the last chance for investors to receive the next dividend payout from BRT Apartments (NYSE:BRT). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 25 cents per share. On Tuesday, BRT Apartments will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own BRT as of the end of Monday's session are eligible to receive the 25 cents dividend payout
As of today, the Company is authorized to repurchase, through 2025, $10 million of shares of its common stock in open market or private transactions.
BRT Apartments (NYSE:BRT) reported quarterly earnings of $0.41 per share. This is a 7.89 percent increase over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $23.85 million which beat the analyst consensus estimate of $23.48 million by 1.58 percent. This is a 9.93 percent increase over sales of $21.70 million the same period last year.