Nuveen LLC Acquires New Position in BRT Apartments Corp. $BRT

Key Points

• Nuveen LLC acquired 39,580 shares of BRT Apartments Corp., valued at approximately $673,000, representing a 0.21% ownership stake in the company as of their latest filing.
• Institutional investors collectively hold 29.07% of BRT Apartments stock, with notable increases in holdings from firms like Wells Fargo and Bank of America.
• Analysts recently downgraded BRT Apartments from a "hold" to a "sell" rating, with a consensus target price of $21.00, indicating mixed market sentiment.

Nuveen LLC acquired a new position in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,580 shares of the financial services provider's stock, valued at approximately $673,000. Nuveen LLC owned 0.21% of BRT Apartments at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in BRT Apartments by 10,464.3% in the 1st 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of BRT Apartments by 131.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider's stock worth $31,000 after acquiring an additional 991 shares during the period. Wells Fargo & Company MN boosted its stake in BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock valued at $137,000 after buying an additional 1,439 shares during the period. Brookwood Investment Group LLC purchased a new position in shares of BRT Apartments in the first quarter worth about $185,000. Finally, Lesa Sroufe & Co purchased a new stake in BRT Apartments in the 1st quarter worth approximately $297,000. Institutional investors and hedge funds own 29.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded BRT Apartments from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.00.

BRT Apartments Stock Performance

BRT traded down $0.02 during trading on Monday, hitting $15.66. 5,742 shares of the stock were exchanged, compared to its average volume of 30,563. The firm has a market capitalization of $296.44 million, a P/E ratio of -31.99 and a beta of 0.94. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51. The stock has a fifty day moving average price of $15.48 and a two-hundred day moving average price of $16.04. BRT Apartments Corp. has a 1-year low of $14.17 and a 1-year high of $20.22.

Insider Buying and Selling at BRT Apartments

In related news, major shareholder Investors L. P. Gould acquired 1,742 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of $15.80 per share, for a total transaction of $27,523.60. Following the completion of the acquisition, the insider directly owned 3,980,912 shares in the company, valued at approximately $62,898,409.60. The trade was a 0.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Gould bought 3,468 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $14.96 per share, for a total transaction of $51,881.28. Following 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 ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 14,788 shares of company stock valued at $227,531. 40.20% of the stock is owned by company insiders.

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.