BRT Apartments (NYSE:BRT) Cut to “Neutral” at Colliers Securities

Colliers Securities cut shares of BRT Apartments (NYSE:BRT) from a buy rating to a neutral rating in a research report report published on Thursday, MarketBeat.com reports.

Separately, B. Riley upped their price objective 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.

BRT Apartments Stock Performance

Shares of NYSE:BRT opened at $17.62 on Thursday. BRT Apartments has a fifty-two week low of $15.81 and a fifty-two week 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. The business’s fifty day moving average price is $17.58 and its two-hundred day moving average price is $18.01. The stock has a market capitalization of $331.36 million, a price-to-earnings ratio of -33.24 and a beta of 1.11.

BRT Apartments Announces Dividend

The firm 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 dividend yield of 5.68%. The ex-dividend date of this dividend is Thursday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is -188.68%.

Institutional Investors Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of BRT Apartments by 127.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after buying an additional 12,103 shares during the period. Wealth Alliance grew its stake in BRT Apartments by 141.7% in the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 38,475 shares during the period. Barclays PLC increased 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 worth $258,000 after purchasing an additional 10,973 shares in the last quarter. State Street Corp increased its position 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 worth $4,356,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments in the 3rd quarter valued at about $1,594,000. Institutional investors 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.