Raymond James Financial Inc. Makes New Investment in BRT Apartments Corp. (NYSE:BRT)

Raymond James Financial Inc. bought a new stake in BRT Apartments Corp. (NYSE:BRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,087 shares of the financial services provider's stock, valued at approximately $795,000. Raymond James Financial Inc. owned 0.23% of BRT Apartments as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN increased its position 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 acquiring an additional 1,439 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of BRT Apartments during the fourth quarter valued at about $77,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 16,466 shares during the last quarter. Vanguard Group Inc. increased its position 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 acquiring an additional 429,046 shares during the last quarter. Finally, Noesis Capital Mangement Corp raised its holdings in shares of BRT Apartments by 50.0% in the 4th 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 during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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 BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com upgraded BRT Apartments from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd.

Insiders Place Their Bets

In other BRT Apartments news, CFO George Zweier sold 2,143 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the sale, the chief financial officer now owns 120,797 shares in the company, valued at $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 available through this link. 42.00% of the stock is owned by company insiders.

BRT Apartments Trading Up 1.6%

Shares of BRT stock traded up $0.25 on Monday, hitting $15.47. The stock had a trading volume of 428 shares, compared to its average volume of 32,868. The company's 50 day moving average price is $16.49 and its 200-day moving average price is $17.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. BRT Apartments Corp. has a 1 year low of $14.61 and a 1 year high of $20.22. The firm has a market capitalization of $292.75 million, a P/E ratio of -29.10 and a beta of 1.07.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.00 annualized dividend and a yield of 6.47%. BRT Apartments's dividend payout ratio (DPR) is -188.68%.

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.