BRT Apartments (NYSE:BRT) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of BRT Apartments (NYSE:BRT) from a hold rating to a sell rating in a research report released on Tuesday morning.

Other equities research analysts have also issued reports about the stock. Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th. B. Riley cut their target price on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th.

BRT Apartments Trading Down 2.1 %

Shares of BRT opened at $16.64 on Tuesday. 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 has a 52-week low of $15.92 and a 52-week high of $20.22. The firm has a market cap of $314.90 million, a price-to-earnings ratio of -31.39 and a beta of 1.11. The business’s fifty day moving average is $17.67 and its 200-day moving average is $17.94.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, March 27th. BRT Apartments’s payout ratio is -188.68%.

Insider Transactions at BRT Apartments

In other news, CFO George Zweier sold 2,143 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $18.06, for a total transaction of $38,702.58. Following the completion of the transaction, the chief financial officer now owns 120,797 shares of the company’s stock, valued at approximately $2,181,593.82. This trade represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 40.20% of the company’s stock.

Institutional Trading of BRT Apartments

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in BRT Apartments by 5.2% during the 4th quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider’s stock worth $346,000 after buying an additional 952 shares during the period. Bank of America Corp DE raised its position in shares of BRT Apartments by 26.1% during the fourth quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 3,638 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 991 shares during the last quarter. Barclays PLC lifted its stake in shares of BRT Apartments by 15.4% in the fourth quarter. Barclays PLC now owns 16,953 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 2,263 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in BRT Apartments in the fourth quarter valued at approximately $795,000. Institutional investors own 29.07% of the company’s stock.

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.