Albert D Mason Inc. Purchases 756 Shares of BRT Apartments Corp. (NYSE:BRT)

Albert D Mason Inc. boosted its position in shares of BRT Apartments Corp. (NYSE:BRT) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 69,119 shares of the financial services provider’s stock after purchasing an additional 756 shares during the period. Albert D Mason Inc.’s holdings in BRT Apartments were worth $1,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of BRT Apartments by 0.6% during the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock valued at $4,356,000 after purchasing an additional 1,561 shares in the last quarter. Barclays PLC boosted its stake in BRT Apartments by 295.2% during the third 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. Kovitz Investment Group Partners LLC purchased a new position in BRT Apartments during the third quarter worth about $1,594,000. Dimensional Fund Advisors LP increased its stake in BRT Apartments by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after acquiring an additional 3,552 shares during the last quarter. Finally, Wealth Alliance raised its holdings in shares of BRT Apartments by 2.6% in the 2nd quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 681 shares in the last quarter. Institutional investors own 29.07% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Price Performance

Shares of NYSE:BRT opened at $17.59 on Friday. The company’s fifty day moving average price is $18.49 and its 200-day moving average price is $18.11. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market capitalization of $330.77 million, a price-to-earnings ratio of -33.18, a PEG ratio of 1.95 and a beta of 1.13. BRT Apartments Corp. has a one year low of $15.21 and a one year high of $20.22.

BRT Apartments (NYSE:BRT) last released its earnings results on Thursday, November 7th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. The firm had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.80 million. During the same period in the prior year, the company earned $0.41 EPS. On average, equities research analysts anticipate that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.69%. BRT Apartments’s dividend payout ratio is -188.68%.

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.