BRT Apartments Corp. (NYSE:BRT) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in BRT Apartments Corp. (NYSE:BRT) by 76.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,087 shares of the financial services provider’s stock after acquiring an additional 16,466 shares during the quarter. JPMorgan Chase & Co.’s holdings in BRT Apartments were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 10,973 shares during the last quarter. Tidal Investments LLC acquired a new position in BRT Apartments in the third quarter worth about $320,000. Albert D Mason Inc. boosted its position in BRT Apartments by 1.1% in the fourth quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock valued at $1,246,000 after buying an additional 756 shares in the last quarter. Wealth Alliance lifted its position in 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 buying an additional 38,475 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its position in 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 last quarter. 29.07% of the stock is currently owned by institutional investors.

BRT Apartments Stock Performance

NYSE BRT opened at $15.62 on Wednesday. BRT Apartments Corp. has a twelve month low of $14.61 and a twelve month high of $20.22. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $16.85 and a 200 day simple moving average of $17.58. The company has a market capitalization of $295.59 million, a price-to-earnings ratio of -29.46 and a beta of 0.92.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Thursday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is -188.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Colliers Securities cut shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. B. Riley reduced their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a research note on Wednesday, April 23rd.

Insider Activity

In related news, CFO George Zweier sold 2,143 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $18.06, for a total value of $38,702.58. Following the transaction, the chief financial officer now owns 120,797 shares of the company’s stock, valued at approximately $2,181,593.82. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 40.20% 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.