Vanguard Group Inc. Grows Stake in BRT Apartments Corp. (NYSE:BRT)

Vanguard Group Inc. increased its holdings in BRT Apartments Corp. (NYSE:BRT) by 62.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,113,057 shares of the financial services provider’s stock after acquiring an additional 429,046 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of BRT Apartments worth $20,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of BRT Apartments in the fourth quarter worth $795,000. Wealth Alliance increased its holdings in BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 38,475 shares during the last quarter. Tidal Investments LLC bought a new position in shares of BRT Apartments during the 3rd quarter valued at about $320,000. JPMorgan Chase & Co. increased its holdings in shares of BRT Apartments by 127.2% in the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 12,103 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of 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 buying an additional 10,973 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.

BRT Apartments Stock Performance

BRT stock opened at $15.44 on Thursday. 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 business has a 50-day moving average price of $17.24 and a 200 day moving average price of $17.70. The company has a market capitalization of $292.28 million, a P/E ratio of -29.13 and a beta of 0.92.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.48%. BRT Apartments’s dividend payout ratio is presently -188.68%.

Analysts Set New Price Targets

A number of research firms have issued reports on BRT. B. Riley reduced their price objective on BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. StockNews.com cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Finally, Colliers Securities cut shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th.

Insider Activity at BRT Apartments

In other BRT Apartments news, CFO George Zweier sold 2,143 shares of the stock in a transaction dated Tuesday, March 25th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 40.20% of the stock is currently owned by corporate insiders.

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.