Advisor Resource Council Purchases New Holdings in BRT Apartments Corp. (NYSE:BRT)

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

A number of other hedge funds also recently added to or reduced their stakes in BRT. Lesa Sroufe & Co purchased a new position in BRT Apartments in the 1st quarter valued at approximately $297,000. Albert D Mason Inc. increased its position in BRT Apartments by 1.8% during the first quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock worth $1,197,000 after buying an additional 1,278 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in 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 buying an additional 12,901 shares in the last quarter. GAMMA Investing LLC increased its position in BRT Apartments by 10,464.3% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock worth $25,000 after buying an additional 1,465 shares in the last quarter. Finally, Tidal Investments LLC increased its position in BRT Apartments by 5.2% during the 4th quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider's stock worth $346,000 after purchasing an additional 952 shares in the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on BRT shares. B. Riley dropped their price objective on BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Colliers Securities downgraded shares of BRT Apartments from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th. 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 Trading Down 0.9%

BRT traded down $0.14 during midday trading on Friday, hitting $15.78. The company's stock had a trading volume of 54,899 shares, compared to its average volume of 33,346. BRT Apartments Corp. has a 52-week low of $14.61 and a 52-week high of $20.22. The firm has a 50-day moving average price of $15.68 and a two-hundred day moving average price of $16.90. The firm has a market cap of $298.70 million, a P/E ratio of -32.87 and a beta of 1.03. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 2.43.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date is Wednesday, June 25th. BRT Apartments's dividend payout ratio (DPR) is presently -208.33%.

Insider Transactions at BRT Apartments

In related news, CFO George Zweier sold 2,143 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $18.06, for a total transaction of $38,702.58. Following the completion of the sale, the chief financial officer now directly owns 120,797 shares of the company's stock, valued at approximately $2,181,593.82. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Gould bought 3,026 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $15.93 per share, with a total value of $48,204.18. Following the transaction, the chief executive officer now directly owns 3,973,570 shares of the company's stock, valued at approximately $63,298,970.10. This trade represents a 0.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 39,947 shares of company stock worth $624,022. 40.20% of the stock is currently owned by company 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.