BRT Apartments Corp. (NYSE:BRT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in BRT Apartments Corp. (NYSE:BRT) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,884 shares of the financial services provider’s stock after acquiring an additional 3,552 shares during the period. Dimensional Fund Advisors LP owned approximately 0.85% of BRT Apartments worth $2,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Close LLC grew its position in BRT Apartments by 3.4% in the 1st quarter. Oppenheimer & Close LLC now owns 347,774 shares of the financial services provider’s stock valued at $5,843,000 after buying an additional 11,287 shares in the last quarter. Vanguard Group Inc. grew its holdings in BRT Apartments by 1.6% during the first quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock worth $10,357,000 after acquiring an additional 9,483 shares during the period. BNP Paribas Financial Markets lifted its holdings in BRT Apartments by 187.0% in the 1st quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 5,384 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 worth $1,699,000 after purchasing an additional 5,207 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in BRT Apartments by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock worth $344,000 after buying an additional 1,726 shares during the last quarter. Institutional investors own 29.07% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley lifted their price target on BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

BRT Apartments Stock Down 0.8 %

Shares of BRT stock opened at $17.13 on Friday. The stock has a fifty day moving average price of $18.12 and a 200 day moving average price of $17.77. The stock has a market cap of $319.32 million, a P/E ratio of 77.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. BRT Apartments Corp. has a one year low of $15.21 and a one year high of $20.12. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.90 and a quick ratio of 0.90.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.50). The firm had revenue of $23.86 million for the quarter, compared to the consensus estimate of $23.45 million. BRT Apartments had a negative net margin of 9.24% and a negative return on equity of 3.89%. During the same period in the prior year, the business earned $0.37 earnings per share. Analysts predict that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, September 24th. BRT Apartments’s dividend payout ratio is currently 454.55%.

BRT Apartments Company Profile

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.