Geode Capital Management LLC Has $4.92 Million Stake in BRT Apartments Corp. (NYSE:BRT)

Geode Capital Management LLC decreased its stake in shares of BRT Apartments Corp. (NYSE:BRT) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 272,766 shares of the financial services provider’s stock after selling 12,799 shares during the quarter. Geode Capital Management LLC’s holdings in BRT Apartments were worth $4,918,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BRT. Vanguard Group Inc. lifted its position in BRT Apartments by 62.7% in the fourth quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock worth $20,068,000 after purchasing an additional 429,046 shares during the period. State Street Corp lifted its holdings in shares of BRT Apartments by 0.6% during the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after acquiring an additional 1,561 shares during the period. Albert D Mason Inc. boosted its position in shares of 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 valued at $1,246,000 after acquiring an additional 756 shares in the last quarter. Wealth Alliance increased its stake in BRT Apartments by 141.7% in the fourth 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 period. Finally, Raymond James Financial Inc. acquired a new position in BRT Apartments in the fourth quarter worth about $795,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $15.63 on Friday. The stock has a market capitalization of $295.88 million, a price-to-earnings ratio of -29.49 and a beta of 0.92. The firm’s 50-day moving average price is $16.94 and its two-hundred day moving average price is $17.60. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. BRT Apartments Corp. has a 1-year low of $14.61 and a 1-year high of $20.22.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given 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 yield of 6.40%. BRT Apartments’s dividend payout ratio (DPR) is presently -188.68%.

Insider Activity at BRT Apartments

In other news, CFO George Zweier sold 2,143 shares of the stock in a transaction on 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 approximately $2,181,593.82. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 40.20% of the company’s stock.

Analysts Set New Price Targets

BRT has been the topic of a number of recent research reports. StockNews.com raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Wednesday. Colliers Securities lowered BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th. Finally, B. Riley dropped their price objective on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, March 27th.

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.