JPMorgan Chase & Co. lifted its position in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 76.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,087 shares of the financial services provider's stock after purchasing an additional 16,466 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of BRT Apartments worth $687,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of BRT. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $20,068,000 after acquiring an additional 429,046 shares in 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. Noesis Capital Mangement Corp grew its stake in shares of BRT Apartments by 50.0% in the fourth quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider's stock valued at $270,000 after buying an additional 5,000 shares in the last quarter. Wealth Alliance increased its stake in BRT Apartments by 141.7% during the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock worth $1,183,000 after buying an additional 38,475 shares during the period. Finally, Albert D Mason Inc. increased its holdings in BRT Apartments by 1.1% during the 4th quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider's stock worth $1,246,000 after purchasing an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.
Insider Transactions at BRT Apartments
In other news, CFO George Zweier sold 2,143 shares of BRT Apartments stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $18.06, for a total value of $38,702.58. Following the transaction, the chief financial officer now directly owns 120,797 shares of the company's stock, valued at $2,181,593.82. This trade represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 40.20% of the company's stock.
BRT Apartments Stock Performance
Shares of NYSE:BRT traded down $0.07 during trading hours on Monday, hitting $16.09. The stock had a trading volume of 570 shares, compared to its average volume of 31,129. The stock's fifty day simple moving average is $16.74 and its 200 day simple moving average is $17.54. The firm has a market capitalization of $304.58 million, a price-to-earnings ratio of -30.36 and a beta of 0.92. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. BRT Apartments Corp. has a 1-year low of $14.61 and a 1-year high of $20.22.
BRT Apartments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend was Thursday, March 27th. BRT Apartments's payout ratio is currently -188.68%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. StockNews.com raised BRT Apartments from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. B. Riley cut their target price on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, Colliers Securities lowered BRT Apartments from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th.
View Our Latest Analysis on BRT
BRT Apartments 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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