Colliers Securities Downgrades BRT Apartments (NYSE:BRT) to Neutral

BRT Apartments (NYSE:BRT) was downgraded by analysts at Colliers Securities from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, B. Riley upped their price objective 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 Trading Down 1.5 %

NYSE BRT opened at $17.62 on Thursday. BRT Apartments has a 12 month low of $15.61 and a 12 month high of $20.22. The company has a 50-day moving average of $17.58 and a 200-day moving average of $18.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $331.36 million, a P/E ratio of -33.24 and a beta of 1.11.

Institutional Trading of BRT Apartments

A number of institutional investors have recently added to or reduced their stakes in BRT. Vanguard Group Inc. boosted its position in BRT Apartments by 62.7% during the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock worth $20,068,000 after purchasing an additional 429,046 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in BRT Apartments in the 3rd quarter valued at about $1,594,000. Raymond James Financial Inc. purchased a new position in BRT Apartments in the 4th quarter valued at about $795,000. Wealth Alliance boosted its position in BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 38,475 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in BRT Apartments in the 3rd quarter valued at about $320,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

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.