BRT Apartments (NYSE:BRT) Downgraded by Wall Street Zen to "Sell"

BRT Apartments (NYSE:BRT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Thursday.

A number of other analysts have also recently issued reports on BRT. Colliers Securities cut BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. B. Riley cut their price target on BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, March 27th.

BRT Apartments Stock Up 4.3%

BRT traded up $0.66 on Thursday, reaching $15.92. 10,564 shares of the company traded hands, compared to its average volume of 31,176. The company has a market cap of $301.37 million, a price-to-earnings ratio of -30.04 and a beta of 1.07. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The stock's 50 day moving average price is $15.96 and its 200-day moving average price is $17.35. BRT Apartments has a 52-week low of $14.61 and a 52-week high of $20.22.

Insiders Place Their Bets

In related news, major shareholder Investors L. P. Gould acquired 10,119 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $15.45 per share, with a total value of $156,338.55. Following the purchase, the insider now owns 3,914,065 shares of the company's stock, valued at approximately $60,472,304.25. The trade was a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO George Zweier sold 2,143 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the sale, the chief financial officer now directly owns 120,797 shares of the company's stock, valued at $2,181,593.82. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 42.00% of the company's stock.

Institutional Trading of BRT Apartments

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in BRT Apartments by 127.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider's stock valued at $380,000 after buying an additional 12,103 shares during the last quarter. Wealth Alliance boosted its holdings in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock valued at $1,183,000 after acquiring an additional 38,475 shares during the period. Vanguard Group Inc. grew its position in shares of BRT Apartments by 62.7% in the fourth quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider's stock valued at $20,068,000 after purchasing an additional 429,046 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BRT Apartments in the fourth quarter valued at about $795,000. Finally, Barclays PLC increased its stake in shares of BRT Apartments by 15.4% in the fourth quarter. Barclays PLC now owns 16,953 shares of the financial services provider's stock worth $306,000 after purchasing an additional 2,263 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Company Profile

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.