JPMorgan Chase & Co. Increases Stock Position in BRT Apartments Corp. (NYSE:BRT)

JPMorgan Chase & Co. raised its holdings in BRT Apartments Corp. (NYSE:BRT) by 127.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,621 shares of the financial services provider’s stock after purchasing an additional 12,103 shares during the quarter. JPMorgan Chase & Co. owned 0.11% of BRT Apartments worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BRT. Noesis Capital Mangement Corp purchased a new position in shares of BRT Apartments during the third quarter worth about $176,000. Barclays PLC raised its stake in shares of BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 10,973 shares during the last quarter. Tidal Investments LLC purchased a new stake in BRT Apartments in the 3rd quarter worth approximately $320,000. Kovitz Investment Group Partners LLC purchased a new position in shares of BRT Apartments during the third quarter valued at about $1,594,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on shares of 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 Stock Up 0.4 %

BRT stock opened at $17.19 on Thursday. The business has a fifty day moving average price of $18.21 and a 200-day moving average price of $18.12. BRT Apartments Corp. has a 1-year low of $15.21 and a 1-year high of $20.22. The stock has a market capitalization of $323.34 million, a P/E ratio of -32.43 and a beta of 1.13. 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 quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) EPS 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 analysts’ expectations 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 company earned $0.41 EPS. Equities analysts forecast that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors 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 5.82%. The ex-dividend date was Monday, December 23rd. BRT Apartments’s dividend payout ratio (DPR) is -188.68%.

BRT Apartments Company Profile

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.