Wall Street Zen upgraded shares of BRT Apartments (NYSE:BRT - Free Report) from a sell rating to a hold rating in a research note published on Friday.
Other research analysts have also issued reports about the stock. Colliers Securities lowered shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research note on Thursday, March 13th. B. Riley dropped their price target on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th.
Read Our Latest Report on BRT
BRT Apartments Stock Performance
NYSE BRT traded up $0.06 during trading on Friday, reaching $15.78. The company's stock had a trading volume of 85,005 shares, compared to its average volume of 33,740. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $298.72 million, a price-to-earnings ratio of -32.88 and a beta of 1.03. BRT Apartments has a twelve month low of $14.61 and a twelve month high of $20.22. The business's fifty day moving average price is $15.72 and its 200-day moving average price is $16.83.
BRT Apartments Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a yield of 6.34%. BRT Apartments's dividend payout ratio (DPR) is currently -208.33%.
Insider Buying and Selling
In related news, major shareholder Investors L. P. Gould purchased 10,119 shares of the business's stock in a transaction on Monday, May 12th. The shares were bought at an average price of $15.45 per share, with a total value of $156,338.55. Following the completion of the purchase, the insider now directly owns 3,914,065 shares in the company, valued at approximately $60,472,304.25. This trade represents a 0.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Gould bought 3,026 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was acquired at an average cost of $15.93 per share, for a total transaction of $48,204.18. Following the purchase, the chief executive officer now owns 3,973,570 shares in the company, valued at approximately $63,298,970.10. This trade represents a 0.08% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 39,947 shares of company stock worth $624,022. 42.00% of the stock is owned by insiders.
Institutional Investors Weigh In On BRT Apartments
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in BRT Apartments by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider's stock worth $19,225,000 after acquiring an additional 17,850 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its holdings in BRT Apartments by 19.5% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider's stock worth $1,343,000 after acquiring an additional 12,901 shares in the last quarter. Albert D Mason Inc. grew its holdings in BRT Apartments by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock worth $1,197,000 after acquiring an additional 1,278 shares in the last quarter. Advisor Resource Council acquired a new position in BRT Apartments during the 1st quarter worth $994,000. Finally, Raymond James Financial Inc. acquired a new position in BRT Apartments during the 4th quarter worth $795,000. 29.07% of the stock is owned by institutional investors and hedge funds.
BRT Apartments Company Profile
(
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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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