Vanguard Group Inc. Boosts Holdings in BRT Apartments Corp. (NYSE:BRT)

Vanguard Group Inc. increased its stake in BRT Apartments Corp. (NYSE:BRT - Free Report) by 62.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,113,057 shares of the financial services provider's stock after purchasing an additional 429,046 shares during the quarter. Vanguard Group Inc. owned 5.92% of BRT Apartments worth $20,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in BRT Apartments during the 4th quarter valued at about $795,000. Wealth Alliance increased its stake in shares of 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 purchasing an additional 38,475 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of BRT Apartments during the 3rd quarter worth approximately $320,000. JPMorgan Chase & Co. lifted its stake in BRT Apartments by 127.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider's stock valued at $380,000 after buying an additional 12,103 shares in the last quarter. Finally, Barclays PLC grew its holdings in BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider's stock valued at $258,000 after buying an additional 10,973 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company's stock.

BRT Apartments Trading Up 2.6 %

Shares of BRT traded up $0.41 during mid-day trading on Tuesday, hitting $15.77. The company had a trading volume of 18,672 shares, compared to its average volume of 31,793. BRT Apartments Corp. has a 1-year low of $14.61 and a 1-year high of $20.22. The business's 50-day simple moving average is $17.06 and its 200-day simple moving average is $17.64. The stock has a market cap of $298.47 million, a PE ratio of -29.75 and a beta of 0.92. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend was Thursday, March 27th. BRT Apartments's payout ratio is currently -188.68%.

Insider Buying and Selling at BRT Apartments

In other news, CFO George Zweier sold 2,143 shares of the business'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 completion of the sale, the chief financial officer now owns 120,797 shares in the company, valued at approximately $2,181,593.82. The trade was a 1.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 40.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

BRT has been the subject of a number of recent research reports. StockNews.com cut BRT Apartments from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Colliers Securities lowered shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. Finally, B. Riley decreased 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.

BRT Apartments 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.