BRT Apartments Corp. (NYSE:BRT) CFO Sells $38,702.58 in Stock

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 2,143 shares of BRT Apartments stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the sale, the chief financial officer now directly owns 120,797 shares in the company, valued at $2,181,593.82. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BRT Apartments Trading Down 0.8 %

BRT opened at $17.43 on Friday. The stock has a market capitalization of $329.86 million, a PE ratio of -32.88 and a beta of 1.11. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. BRT Apartments Corp. has a 12-month low of $15.92 and a 12-month high of $20.22. The firm’s fifty day moving average price is $17.70 and its 200 day moving average price is $17.97.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 5.74%. BRT Apartments’s payout ratio is -188.68%.

Institutional Trading of BRT Apartments

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 12,103 shares in the last quarter. Wealth Alliance lifted its stake 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 purchasing an additional 38,475 shares during the last quarter. Barclays PLC boosted its holdings in BRT Apartments by 295.2% in the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 10,973 shares during the period. State Street Corp increased its stake in BRT Apartments by 0.6% during the third 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments during the third quarter worth $1,594,000. 29.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRT has been the subject of several recent analyst reports. B. Riley lowered their target price on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday. Colliers Securities lowered BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

BRT Apartments Company Profile

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.