B. Riley Lowers BRT Apartments (NYSE:BRT) Price Target to $21.00

BRT Apartments (NYSE:BRT) had its target price trimmed by B. Riley from $22.00 to $21.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Separately, Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

BRT Apartments Stock Performance

BRT stock opened at $17.69 on Thursday. BRT Apartments has a 1 year low of $15.92 and a 1 year high of $20.22. The stock has a market capitalization of $334.83 million, a price-to-earnings ratio of -33.37 and a beta of 1.11. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. The stock’s fifty day moving average is $17.70 and its two-hundred day moving average is $17.98.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 5.65%. BRT Apartments’s payout ratio is -188.68%.

Insider Activity

In other news, CFO George Zweier sold 2,143 shares of the company’s 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 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 40.20% of the company’s stock.

Institutional Investors Weigh In On BRT Apartments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRT. JPMorgan Chase & Co. increased its position in shares of BRT Apartments by 127.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 12,103 shares during the period. Wealth Alliance grew its holdings in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 38,475 shares during the period. Barclays PLC raised its position in BRT Apartments by 295.2% in the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 10,973 shares in the last quarter. State Street Corp lifted its holdings in BRT Apartments by 0.6% in the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock valued at $4,356,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of BRT Apartments during the 3rd quarter valued at about $1,594,000. Institutional investors own 29.07% of the company’s stock.

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.