Barclays PLC Has $258,000 Holdings in BRT Apartments Corp. (NYSE:BRT)

Barclays PLC boosted its position in BRT Apartments Corp. (NYSE:BRT) by 295.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,690 shares of the financial services provider’s stock after buying an additional 10,973 shares during the quarter. Barclays PLC owned approximately 0.08% of BRT Apartments worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BRT. Bank of New York Mellon Corp boosted its holdings in 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 purchasing an additional 5,207 shares during the period. ClariVest Asset Management LLC boosted its holdings in BRT Apartments by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock valued at $782,000 after purchasing an additional 1,251 shares during the period. Meeder Asset Management Inc. bought a new stake in BRT Apartments in the 2nd quarter valued at $28,000. Dimensional Fund Advisors LP boosted its holdings in BRT Apartments by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock valued at $2,758,000 after purchasing an additional 3,552 shares during the period. Finally, Wealth Alliance boosted its holdings in BRT Apartments by 2.6% in the 2nd quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 681 shares during the period. 29.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on shares of BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Price Performance

NYSE:BRT opened at $18.01 on Monday. The company has a 50-day moving average of $18.43 and a 200-day moving average of $18.12. The company has a market capitalization of $338.70 million, a price-to-earnings ratio of -33.98, a PEG ratio of 2.23 and a beta of 1.11. BRT Apartments Corp. has a 52 week low of $15.21 and a 52 week high of $20.22. 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 (NYSE:BRT) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($0.12) EPS 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 for the quarter, compared to the consensus estimate of $23.80 million. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities research analysts anticipate that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.55%. The ex-dividend date is Monday, December 23rd. BRT Apartments’s dividend payout ratio is currently -188.68%.

About BRT Apartments

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.