BRT Apartments Corp (NYSE:BRT) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totalling 39,400 shares, a growth of 187.6% from the February 27th total of 13,700 shares. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.
Shares of NYSE:BRT traded up $0.68 during mid-day trading on Thursday, hitting $9.76. The stock had a trading volume of 92,700 shares, compared to its average volume of 71,210. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $143.13 million, a PE ratio of 57.42 and a beta of 0.89. BRT Apartments has a 12-month low of $6.00 and a 12-month high of $18.75. The company’s 50 day moving average is $14.82 and its 200-day moving average is $16.20.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Tuesday, March 24th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.88 annualized dividend and a dividend yield of 9.02%. BRT Apartments’s dividend payout ratio (DPR) is presently 90.72%.
Several large investors have recently modified their holdings of BRT. Citigroup Inc. lifted its position in shares of BRT Apartments by 49.6% in the 4th quarter. Citigroup Inc. now owns 1,994 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 661 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of BRT Apartments by 38.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,796 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 772 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of BRT Apartments by 248.2% in the 4th quarter. State of Alaska Department of Revenue now owns 2,789 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,988 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of BRT Apartments by 81.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,950 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Advisor Group Inc. purchased a new stake in shares of BRT Apartments in the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 33.88% of the company’s stock.
A number of brokerages recently weighed in on BRT. Zacks Investment Research cut shares of BRT Apartments from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd.
BRT Apartments Company Profile
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.
Featured Article: S&P/ASX 200 Index
Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.