Dimensional Fund Advisors LP Has $2.76 Million Position in BRT Apartments Corp. (NYSE:BRT)

Dimensional Fund Advisors LP increased its holdings in shares of BRT Apartments Corp. (NYSE:BRT) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 157,884 shares of the financial services provider’s stock after acquiring an additional 3,552 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BRT Apartments were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in BRT Apartments during the 2nd quarter worth approximately $28,000. BNP Paribas Financial Markets grew its holdings in shares of BRT Apartments by 187.0% during the first quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock valued at $139,000 after buying an additional 5,384 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of BRT Apartments by 4.7% in the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 680 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BRT Apartments by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,726 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its position in BRT Apartments by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley lifted their price objective on BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $17.13 on Friday. The business has a 50 day moving average of $18.12 and a 200 day moving average of $17.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.14. The company has a market cap of $319.32 million, a PE ratio of 77.86, a P/E/G ratio of 2.16 and a beta of 1.06. BRT Apartments Corp. has a 52 week low of $15.21 and a 52 week high of $20.12.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Friday, August 9th. The financial services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.50). BRT Apartments had a negative return on equity of 3.89% and a negative net margin of 9.24%. The firm had revenue of $23.86 million during the quarter, compared to the consensus estimate of $23.45 million. During the same period in the previous year, the firm earned $0.37 EPS. As a group, equities research analysts forecast that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.84%. BRT Apartments’s dividend payout ratio is currently 454.55%.

BRT Apartments Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.