Barclays PLC Purchases 10,973 Shares of BRT Apartments Corp. (NYSE:BRT)

Barclays PLC lifted its holdings in BRT Apartments Corp. (NYSE:BRT) by 295.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,690 shares of the financial services provider’s stock after purchasing an additional 10,973 shares during the quarter. Barclays PLC owned 0.08% of BRT Apartments worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of BRT Apartments by 0.6% in the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after buying an additional 1,561 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in BRT Apartments by 2.3% during the second 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 in the last quarter. Kovitz Investment Group Partners LLC bought a new position in BRT Apartments in the 3rd quarter worth $1,594,000. Finally, Noesis Capital Mangement Corp bought a new stake in BRT Apartments during the 3rd quarter valued at approximately $176,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Trading Down 0.9 %

Shares of NYSE BRT opened at $17.59 on Tuesday. The stock has a market capitalization of $330.77 million, a P/E ratio of -33.18, a PEG ratio of 1.95 and a beta of 1.13. BRT Apartments Corp. has a 1-year low of $15.21 and a 1-year high of $20.22. The business’s 50 day moving average is $18.47 and its two-hundred day moving average is $18.13. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94.

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

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments’s dividend payout ratio is currently -188.68%.

Wall Street Analysts Forecast Growth

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

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.