BRT Apartments Corp. (NYSE:BRT) is expected to report third quarter earnings results, after market close, on Thursday 10th September 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.2 per share from revenue of $ 13.24 million.
Looking ahead, the full year loss are expected at $ 0.82 per share on the revenues of $ 70.51 million.
Previous Quarter Performance
BRT Apartments Corp. announced loss for the second quarter of $ 0.29 per share, from the revenue of $ 6.92 million, On adjusted basis, BRT reported income for the quarter of $ 0.23 per share. The quarterly revenues decreased 2.95 percent compared with the same quarter last year. According to street consensus, BRT was expected to report 2Q20 loss of $ 0.21 per share from revenue of $ 32.80 million. The bottom line results beat street analysts by $ 0.44 or 209.52 percent, at the same time, top line results fell short of analysts by $ 25.88 million or 78.9 percent.
Stock Performance
Shares of BRT Apartments Corp. traded up $ 0.29 or 2.25 percent on Wednesday, reaching $ 13.16 with volume of 17.40 thousand shares. The stock opened positive for the day at $ 13.00, after closing the previous day trading at $ 12.87.
According to the previous trading day, closing price of $ 12.87, representing a 114.50 % increase from the 52 week low of $ 6.00 and a 31.36 % decrease over the 52 week high of $ 18.75.
The company has a market capital of $ 226.79 million and is part of the Real Estate sector and REIT – Residential industry.
Recent Stock Dividend Announcement
On June 11, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on June 26, 2020, with payment date of July 9, 2020 and ex-dividend date on June 25, 2020.
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Companys website.
