BRT Apartments (NYSE:BRT) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of BRT Apartments (NYSE:BRT) from a hold rating to a sell rating in a research note released on Tuesday morning.

A number of other brokerages also recently weighed in on BRT. Colliers Securities downgraded BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th. B. Riley reduced their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 27th.

BRT Apartments Stock Performance

BRT stock opened at $16.64 on Tuesday. The firm has a market cap of $314.90 million, a PE ratio of -31.39 and a beta of 1.11. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. The stock has a 50-day moving average price of $17.67 and a 200-day moving average price of $17.94. BRT Apartments has a 1-year low of $15.92 and a 1-year high of $20.22.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date of this dividend is Thursday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is currently -188.68%.

Insiders Place Their Bets

In other news, CFO George Zweier sold 2,143 shares of BRT Apartments stock in a transaction dated Tuesday, March 25th. The shares were 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 $2,181,593.82. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 40.20% of the company’s stock.

Institutional Investors Weigh In On BRT Apartments

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 991 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BRT Apartments during the fourth quarter worth $77,000. Wells Fargo & Company MN raised its position in BRT Apartments by 23.5% in the 4th 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 during the last quarter. Barclays PLC lifted its stake in BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 10,973 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its holdings in BRT Apartments by 50.0% during the 4th quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.