Wealth Alliance Grows Stock Holdings in BRT Apartments Corp. (NYSE:BRT)

Wealth Alliance boosted its stake in BRT Apartments Corp. (NYSE:BRT) by 141.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,621 shares of the financial services provider’s stock after acquiring an additional 38,475 shares during the period. Wealth Alliance owned 0.35% of BRT Apartments worth $1,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Noesis Capital Mangement Corp acquired a new position in shares of BRT Apartments in the third quarter valued at approximately $176,000. Barclays PLC grew its position 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 last quarter. Tidal Investments LLC acquired a new position in BRT Apartments in the 3rd quarter valued at $320,000. JPMorgan Chase & Co. raised its position in BRT Apartments by 127.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock worth $380,000 after buying an additional 12,103 shares during the last quarter. Finally, Albert D Mason Inc. raised its position in BRT Apartments by 1.1% during the 4th quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 756 shares during the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Stock Up 0.2 %

BRT opened at $17.86 on Friday. 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 $15.21 and a 12 month high of $20.22. The stock has a market capitalization of $336.02 million, a P/E ratio of -33.71 and a beta of 1.12. The business has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $18.02.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments’s dividend payout ratio (DPR) is currently -188.68%.

Analyst Upgrades and Downgrades

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

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.