Barclays PLC Raises Holdings in BRT Apartments Corp. (NYSE:BRT)

Barclays PLC lifted its stake in BRT Apartments Corp. (NYSE:BRT) by 295.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,690 shares of the financial services provider’s stock after purchasing an additional 10,973 shares during the quarter. Barclays PLC’s holdings in BRT Apartments were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BRT. Dimensional Fund Advisors LP increased its stake in BRT Apartments by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock valued at $2,758,000 after purchasing an additional 3,552 shares in the last quarter. Noesis Capital Mangement Corp acquired a new stake in shares of BRT Apartments during the third quarter worth $176,000. State Street Corp grew its holdings in shares of 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 buying an additional 1,561 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of BRT Apartments in the 3rd quarter valued at $1,594,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BRT Apartments Price Performance

Shares of NYSE BRT opened at $17.59 on Tuesday. BRT Apartments Corp. has a 52 week low of $15.21 and a 52 week high of $20.22. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The firm has a market cap of $330.77 million, a P/E ratio of -33.18, a P/E/G ratio of 1.95 and a beta of 1.13. The business’s 50 day moving average price is $18.47 and its 200 day moving average price is $18.13.

BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($0.12) EPS for the quarter, missing the consensus estimate 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 business had revenue of $24.40 million during the quarter, compared to analysts’ expectations of $23.80 million. During the same period last year, the company earned $0.41 earnings per share. On average, sell-side analysts expect that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Announces Dividend

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

BRT Apartments 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.