BRT Apartments Corp. (NYSE:BRT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in BRT Apartments Corp. (NYSE:BRT) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,565 shares of the financial services provider’s stock after selling 1,049 shares during the quarter. Geode Capital Management LLC owned about 1.52% of BRT Apartments worth $5,022,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments in the third quarter worth $1,594,000. Barclays PLC grew its position 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 during the period. Noesis Capital Mangement Corp purchased a new position in shares of BRT Apartments during the 3rd quarter valued at about $176,000. Bank of New York Mellon Corp lifted its holdings in shares of BRT Apartments by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 5,207 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BRT Apartments by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after buying an additional 3,552 shares during the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Trading Up 2.1 %

Shares of BRT Apartments stock opened at $18.01 on Friday. The firm has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $18.11. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.22. The company has a market cap of $338.70 million, a P/E ratio of -33.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11.

BRT Apartments (NYSE:BRT) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). BRT Apartments had a negative return on equity of 4.33% and a negative net margin of 9.94%. The business had revenue of $24.40 million during the quarter, compared to analyst estimates of $23.80 million. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities analysts predict that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.55%. The ex-dividend date is Monday, December 23rd. BRT Apartments’s payout ratio is presently -188.68%.

Analyst Ratings Changes

Separately, B. Riley boosted their price target on BRT Apartments from $21.00 to $22.00 and gave the company a “buy” rating in a report 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.