Nisa Investment Advisors LLC Sells 910 Shares of BRT Apartments Corp. (NYSE:BRT)

Nisa Investment Advisors LLC lowered its holdings in BRT Apartments Corp. (NYSE:BRT) by 18.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,120 shares of the financial services provider’s stock after selling 910 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BRT Apartments were worth $72,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,465 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of BRT Apartments by 131.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of BRT Apartments during the fourth quarter valued at approximately $77,000. Wells Fargo & Company MN grew its stake in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,439 shares during the period. Finally, Lesa Sroufe & Co purchased a new stake in BRT Apartments in the first quarter worth $297,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRT has been the topic of a number of research reports. Wall Street Zen upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Friday, June 27th. B. Riley cut their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th.

BRT Apartments Stock Down 1.0%

Shares of NYSE:BRT opened at $15.25 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 2.43. The stock has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $16.57. BRT Apartments Corp. has a 12-month low of $14.61 and a 12-month high of $20.22. The stock has a market capitalization of $288.68 million, a price-to-earnings ratio of -31.77 and a beta of 1.01.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend was Wednesday, June 25th. BRT Apartments’s dividend payout ratio is presently -208.33%.

Insider Transactions at BRT Apartments

In other news, CEO Jeffrey Gould purchased 3,026 shares of BRT Apartments stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $15.93 per share, with a total value of $48,204.18. Following the completion of the transaction, the chief executive officer directly owned 3,973,570 shares of the company’s stock, valued at approximately $63,298,970.10. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Investors L. P. Gould bought 10,119 shares of the business’s stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $15.45 per share, for a total transaction of $156,338.55. Following the completion of the purchase, the insider owned 3,914,065 shares in the company, valued at approximately $60,472,304.25. The trade was a 0.26% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 39,947 shares of company stock worth $624,022. 42.00% of the stock is currently owned by company insiders.

About BRT Apartments

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.