BRT Apartments Corp. (NYSE:BRT) Stock Holdings Decreased by Stifel Financial Corp

Stifel Financial Corp decreased its stake in shares of BRT Apartments Corp. (NYSE:BRT) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,237 shares of the financial services provider’s stock after selling 3,500 shares during the period. Stifel Financial Corp owned about 0.68% of BRT Apartments worth $2,254,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BRT. Meeder Asset Management Inc. acquired a new stake in shares of BRT Apartments during the second quarter worth $28,000. Noesis Capital Mangement Corp bought a new stake in shares of BRT Apartments during the 3rd quarter valued at about $176,000. Clear Creek Financial Management LLC raised its stake in BRT Apartments by 4.7% during the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 680 shares during the period. Wealth Alliance lifted its holdings in BRT Apartments by 2.6% in the second quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 681 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in BRT Apartments by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock valued at $782,000 after acquiring an additional 1,251 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Stock Performance

BRT opened at $18.13 on Friday. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.22. The stock has a market cap of $340.95 million, a PE ratio of -34.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11. The business’s 50 day moving average is $18.34 and its 200-day moving average is $18.09. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments (NYSE:BRT) last announced its earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.47). The business had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.80 million. BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. During the same period in the previous year, the firm earned $0.41 EPS. On average, analysts predict that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.00 annualized dividend and a yield of 5.52%. BRT Apartments’s payout ratio is -188.68%.

Wall Street Analyst Weigh In

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

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.