BRT Apartments (NYSE:BRT) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• BRT Apartments Corp. shares traded above their 200-day moving average for the first time on Monday, reaching a high of $16.43 before closing at $16.22.
• The company recently announced a quarterly dividend of $0.25 per share, with a dividend yield of 6.2%, to be paid on October 6th to shareholders on record as of September 24th.
• Wall Street analysts have a current consensus rating of "Moderate Buy" for BRT Apartments, with a target price set at $21.00 despite a recent downgrade to a "sell" rating from another analyst.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.97 and traded as high as $16.43. BRT Apartments shares last traded at $16.22, with a volume of 19,467 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of BRT Apartments from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, BRT Apartments currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

BRT Apartments Stock Up 0.6%

The company's 50 day moving average price is $15.50 and its two-hundred day moving average price is $15.97. The firm has a market cap of $307.03 million, a PE ratio of -33.10 and a beta of 0.94. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.51.

BRT Apartments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, September 24th. BRT Apartments's dividend payout ratio (DPR) is currently -204.08%.

Insider Buying and Selling at BRT Apartments

In other BRT Apartments news, Director Fredric H. Gould purchased 8,758 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of $15.96 per share, for a total transaction of $139,777.68. Following the purchase, the director directly owned 466,457 shares of the company's stock, valued at $7,444,653.72. The trade was a 1.91% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Gould purchased 4,478 shares of the company's stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $14.94 per share, for a total transaction of $66,901.32. Following the purchase, the chief executive officer directly owned 4,036,932 shares in the company, valued at approximately $60,311,764.08. The trade was a 0.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 39,646 shares of company stock worth $624,704 in the last quarter. Corporate insiders own 40.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRT. Bank of America Corp DE lifted its stake in shares of BRT Apartments by 26.1% during the 4th quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider's stock valued at $317,000 after buying an additional 3,638 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of BRT Apartments by 5.2% during the 4th quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider's stock valued at $346,000 after buying an additional 952 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,465 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in shares of 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 valued at $1,343,000 after buying an additional 12,901 shares in the last quarter. Finally, Albert D Mason Inc. lifted its stake in shares of 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 valued at $1,197,000 after buying an additional 1,278 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.

About BRT Apartments

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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