BRT Apartments (NYSE:BRT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

BRT Apartments Corp. (NYSE:BRT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.99 and traded as high as $18.20. BRT Apartments shares last traded at $18.14, with a volume of 15,403 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Colliers Securities lowered BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. B. Riley raised their price target on BRT Apartments from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Price Performance

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 stock has a market capitalization of $343.86 million, a price-to-earnings ratio of -34.27 and a beta of 1.11. The stock’s 50 day simple moving average is $17.65 and its 200-day simple moving average is $17.99.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Thursday, March 27th. BRT Apartments’s payout ratio is -188.68%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRT. Vanguard Group Inc. raised its stake in BRT Apartments by 62.7% during the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock worth $20,068,000 after buying an additional 429,046 shares during the period. Kovitz Investment Group Partners LLC bought a new position in BRT Apartments in the third quarter valued at approximately $1,594,000. Raymond James Financial Inc. acquired a new stake in BRT Apartments in the fourth quarter valued at $795,000. Wealth Alliance increased its position in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 38,475 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in BRT Apartments in the 3rd quarter valued at $320,000. Institutional investors own 29.07% of the company’s stock.

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.