BRT Apartments (NYSE:BRT) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

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.

Shares of BRT Apartments Corp. (NYSE:BRT - Get Free Report) passed 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 trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded BRT Apartments from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, BRT Apartments currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

BRT Apartments Stock Performance

The stock has a market capitalization of $309.32 million, a PE ratio of -33.35 and a beta of 0.94. The business has a 50 day moving average price of $15.55 and a 200 day moving average price of $15.95. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.75 and a quick ratio of 1.75.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, September 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.00 annualized dividend and a dividend yield of 6.1%. BRT Apartments's dividend payout ratio (DPR) is -204.08%.

Insider Buying and Selling at BRT Apartments

In other BRT Apartments news, CEO Jeffrey Gould acquired 3,468 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average cost of $14.96 per share, with a total value of $51,881.28. Following the completion of the transaction, the chief executive officer directly owned 4,040,400 shares of the company's stock, valued at approximately $60,444,384. This represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fredric H. Gould acquired 1,977 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average cost of $16.42 per share, for a total transaction of $32,462.34. Following the completion of the transaction, the director directly owned 23,034 shares of the company's stock, valued at $378,218.28. The trade was a 9.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 39,546 shares of company stock worth $623,129 over the last ninety days. 42.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in BRT Apartments by 1.0% in the second quarter. Prudential Financial Inc. now owns 77,205 shares of the financial services provider's stock valued at $1,207,000 after acquiring an additional 770 shares during the period. Tidal Investments LLC lifted its holdings in BRT Apartments by 5.2% in the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 952 shares during the period. Osaic Holdings Inc. lifted its holdings in BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 955 shares during the period. Albert D Mason Inc. lifted its holdings in BRT Apartments by 1.8% in the first quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock valued at $1,197,000 after acquiring an additional 1,278 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in BRT Apartments by 10,464.3% in the first quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,465 shares during the period. 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.