BRT Apartments (NYSE:BRT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

BRT Apartments Corp. (NYSE:BRT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.17 and traded as high as $15.19. BRT Apartments shares last traded at $15.05, with a volume of 38,075 shares traded.

Analyst Upgrades and Downgrades

BRT has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of BRT Apartments in a report on Wednesday, October 8th. Citizens Jmp cut their price target on shares of BRT Apartments from $24.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Finally, B. Riley restated a “buy” rating and issued a $19.50 price objective (down previously from $21.00) on shares of BRT Apartments in a report on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.75.

BRT Apartments Stock Down 0.1%

The firm has a market cap of $285.62 million, a PE ratio of -29.45 and a beta of 0.94. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.58. The firm has a 50 day moving average price of $14.64 and a 200-day moving average price of $15.16.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, December 22nd. BRT Apartments’s payout ratio is -196.08%.

Insider Buying and Selling

In other news, CFO George Zweier sold 6,801 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $14.74, for a total value of $100,246.74. Following the sale, the chief financial officer directly owned 110,440 shares in the company, valued at approximately $1,627,885.60. This trade represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Investors L. P. Gould bought 7,000 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were purchased at an average price of $14.96 per share, with a total value of $104,720.00. Following the purchase, the insider owned 4,074,353 shares of the company’s stock, valued at approximately $60,952,320.88. This represents a 0.17% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in BRT Apartments by 725.9% during the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,539 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after buying an additional 955 shares during the last quarter. Strs Ohio acquired a new stake in BRT Apartments during the 1st quarter worth $39,000. BNP Paribas Financial Markets raised its stake in BRT Apartments by 388.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 2,497 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of BRT Apartments by 328.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,236 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,480 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.