BRT Realty Trust (NYSE: BRT) is on The StockGuru Leader Board today. The stock closed up 5.32% on Monday.
Volume was 10,017 shares traded.
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About the Company:
BRT Realty Trust operates as a real estate investment trust (REIT) in the United States. It engages in originating and holding for investment senior and junior mortgage loans secured by commercial and multi-family real estate property. The company also provides short term or bridge loans at a floating rate of interest based on the prime rate. Its lending activities focus on operating properties, such as multi-family residential properties, residential properties being converted to condominium ownership, office buildings, retail, shopping centers, mixed use buildings, hotels/motels, and industrial buildings. BRT Realty Trust is qualified as a REIT under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was founded in 1972 and is based in Great Neck, New York.
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