Advisor Resource Council Purchases Shares of 61,173 BRT Apartments Corp. (NYSE:BRT)

Advisor Resource Council bought a new stake in BRT Apartments Corp. (NYSE:BRT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 61,173 shares of the financial services provider's stock, valued at approximately $994,000. Advisor Resource Council owned 0.32% of BRT Apartments as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in BRT Apartments by 62.7% during the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider's stock worth $20,068,000 after acquiring an additional 429,046 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BRT Apartments in the 4th quarter valued at $795,000. Lesa Sroufe & Co acquired a new position in BRT Apartments in the first quarter valued at $297,000. JPMorgan Chase & Co. grew its holdings in shares of BRT Apartments by 76.2% during the fourth quarter. JPMorgan Chase & Co. now owns 38,087 shares of the financial services provider's stock worth $687,000 after purchasing an additional 16,466 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of BRT Apartments by 19.5% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider's stock worth $1,343,000 after purchasing an additional 12,901 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BRT shares. Colliers Securities downgraded BRT Apartments from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th. B. Riley cut their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, Wall Street Zen downgraded shares of BRT Apartments from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

BRT Apartments Stock Performance

NYSE BRT traded down $0.56 on Wednesday, hitting $15.63. 24,754 shares of the company's stock were exchanged, compared to its average volume of 33,477. The firm has a market cap of $295.88 million, a price-to-earnings ratio of -32.56 and a beta of 1.03. The firm's 50-day moving average price is $15.71 and its two-hundred day moving average price is $16.87. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.99 and a quick ratio of 1.99.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Wednesday, June 25th. BRT Apartments's dividend payout ratio is presently -208.33%.

Insiders Place Their Bets

In related news, CEO Jeffrey Gould bought 3,026 shares of BRT Apartments stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $15.93 per share, with a total value of $48,204.18. Following the purchase, the chief executive officer now owns 3,973,570 shares in the company, valued at $63,298,970.10. This represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Investors L. P. Gould acquired 7,500 shares of BRT Apartments stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $15.45 per share, for a total transaction of $115,875.00. Following the completion of the transaction, the insider now directly owns 3,951,184 shares of the company's stock, valued at approximately $61,045,792.80. This represents a 0.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 39,947 shares of company stock worth $624,022. 42.00% of the stock is owned by corporate insiders.

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.