Wealth Alliance LLC lowered its stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,471 shares of the financial services provider's stock after selling 17,150 shares during the period. Wealth Alliance LLC owned 0.26% of BRT Apartments worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in BRT Apartments in the fourth quarter worth $795,000. Vanguard Group Inc. boosted its stake in shares of BRT Apartments by 62.7% during 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 period. JPMorgan Chase & Co. boosted its stake 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 valued at $687,000 after purchasing an additional 16,466 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of BRT Apartments during the fourth quarter valued at $77,000. Finally, Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 1,439 shares during the period. Institutional investors own 29.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of BRT Apartments from a "sell" rating to a "hold" rating in a report on Friday, June 27th. B. Riley dropped their target price on BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th.
Get Our Latest Stock Report on BRT
Insider Activity
In other news, CEO Jeffrey Gould bought 3,026 shares of the company's stock in a transaction on 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 directly owned 3,973,570 shares in the company, valued at $63,298,970.10. The trade was a 0.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Investors L. P. Gould acquired 10,119 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $15.45 per share, with a total value of $156,338.55. Following the purchase, the insider directly owned 3,914,065 shares in the company, valued at approximately $60,472,304.25. This trade represents a 0.26% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 39,947 shares of company stock valued at $624,022. 40.20% of the stock is currently owned by corporate insiders.
BRT Apartments Trading Up 1.0%
Shares of NYSE BRT traded up $0.15 during trading on Monday, hitting $15.40. 29,303 shares of the company were exchanged, compared to its average volume of 33,685. BRT Apartments Corp. has a 12-month low of $14.61 and a 12-month high of $20.22. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.99 and a current ratio of 1.99. The company has a fifty day moving average price of $15.77 and a 200-day moving average price of $16.55. The firm has a market capitalization of $291.47 million, a PE ratio of -32.08 and a beta of 1.01.
BRT Apartments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Wednesday, June 25th. BRT Apartments's dividend payout ratio is currently -208.33%.
BRT Apartments Company Profile
(
Free Report)
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.
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