StockNews.com upgraded shares of BRT Apartments (NYSE:BRT – Free Report) from a sell rating to a hold rating in a report released on Wednesday morning.
Other equities research analysts also recently issued reports about the company. B. Riley cut their target price on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Colliers Securities downgraded shares of BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.
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BRT Apartments Price Performance
BRT Apartments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Thursday, March 27th. BRT Apartments’s dividend payout ratio is presently -188.68%.
Insider Buying and Selling
In related news, CFO George Zweier sold 2,143 shares of BRT Apartments stock in a transaction dated Tuesday, March 25th. The stock was 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 40.20% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in BRT. JPMorgan Chase & Co. boosted its stake in BRT Apartments by 127.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 12,103 shares during the period. Wealth Alliance boosted 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 acquiring an additional 38,475 shares during the period. Raymond James Financial Inc. purchased a new position in BRT Apartments during the 4th quarter valued at about $795,000. Vanguard Group Inc. increased its holdings in shares of BRT Apartments by 62.7% in the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock valued at $20,068,000 after purchasing an additional 429,046 shares during the period. Finally, Barclays PLC increased its stake in BRT Apartments by 295.2% in the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after buying an additional 10,973 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.
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.
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