BRT Apartments (NYSE:BRT) Given New $21.00 Price Target at B. Riley

BRT Apartments (NYSE:BRT) had its target price trimmed by B. Riley from $22.00 to $21.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Separately, Colliers Securities cut BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

BRT Apartments Trading Down 1.7 %

NYSE:BRT opened at $17.69 on Thursday. The business’s 50-day moving average is $17.70 and its two-hundred day moving average is $17.98. The firm has a market capitalization of $334.83 million, a PE ratio of -33.37 and a beta of 1.11. BRT Apartments has a 12 month low of $15.92 and a 12 month high of $20.22. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 5.65%. BRT Apartments’s payout ratio is currently -188.68%.

Insider Transactions at BRT Apartments

In other news, CFO George Zweier sold 2,143 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 120,797 shares in the company, valued at approximately $2,181,593.82. This represents a 1.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 40.20% of the company’s stock.

Institutional Trading of BRT Apartments

Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in shares of BRT Apartments by 131.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BRT Apartments in the fourth quarter valued at about $77,000. Wells Fargo & Company MN raised its stake in BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,439 shares in the last quarter. Noesis Capital Mangement Corp bought a new position in BRT Apartments during the 3rd quarter worth approximately $176,000. Finally, Barclays PLC grew its position in shares of BRT Apartments by 295.2% in the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 10,973 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

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.