Dimensional Fund Advisors LP Cuts Stock Position in BRT Apartments Corp. (NYSE:BRT)

Dimensional Fund Advisors LP lessened its stake in shares of BRT Apartments Corp. (NYSE:BRT) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 159,140 shares of the financial services provider’s stock after selling 1,073 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BRT Apartments were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of BRT Apartments during the fourth quarter worth approximately $77,000. Wells Fargo & Company MN grew its holdings in BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,439 shares during the period. Barclays PLC grew its holdings in BRT Apartments by 295.2% during 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 during the period. Noesis Capital Mangement Corp grew its holdings in BRT Apartments by 50.0% during the fourth quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 5,000 shares during the period. Finally, Tidal Investments LLC acquired a new position in BRT Apartments during the third quarter worth $320,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Stock Up 0.1%

BRT Apartments stock opened at $15.22 on Wednesday. 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 firm has a market capitalization of $288.11 million, a price-to-earnings ratio of -28.72 and a beta of 1.07. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22. The stock’s fifty day moving average is $16.43 and its two-hundred day moving average is $17.46.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.57%. The ex-dividend date was Thursday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is -188.68%.

Analyst Upgrades and Downgrades

BRT has been the topic of a number of recent analyst reports. StockNews.com raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Wednesday, April 23rd. B. Riley dropped 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. Finally, Colliers Securities lowered BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

Insider Buying and Selling at BRT Apartments

In other BRT Apartments news, CFO George Zweier sold 2,143 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the sale, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.00% of the stock is 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.