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

by · The Cerbat Gem

BRT Apartments Corp. (NYSE:BRT – Get Free Report) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Monday, December 22nd will be given a dividend of 0.25 per share by the financial services provider on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, December 22nd.

BRT Apartments has increased its dividend payment by an average of 0.0%annually over the last three years. BRT Apartments has a payout ratio of -181.8% indicating that 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 $1.45 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 Up 0.5%

NYSE BRT traded up $0.07 during mid-day trading on Thursday, reaching $15.05. The stock had a trading volume of 647 shares, compared to its average volume of 38,908. The stock has a market cap of $286.31 million, a PE ratio of -29.44 and a beta of 0.97. BRT Apartments has a 1 year low of $14.00 and a 1 year high of $19.30. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.50 and a quick ratio of 1.50. The company has a fifty day moving average price of $14.75 and a 200 day moving average price of $15.37.

BRT Apartments Company Profile

(Get Free Report)

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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