BRT Apartments (NYSE:BRT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

BRT Apartments Corp. (NYSE:BRT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.04 and traded as high as $18.25. BRT Apartments shares last traded at $17.68, with a volume of 10,978 shares.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their target price on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Stock Down 1.3 %

The business’s fifty day moving average price is $17.74 and its 200 day moving average price is $18.04. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $332.47 million, a PE ratio of -33.35 and a beta of 1.12.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.00 annualized dividend and a yield of 5.66%. BRT Apartments’s dividend payout ratio is currently -188.68%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Albert D Mason Inc. grew its position in shares of BRT Apartments by 1.1% in the fourth quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock valued at $1,246,000 after purchasing an additional 756 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of BRT Apartments by 131.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,439 shares during the last quarter. State Street Corp grew its position in shares of BRT Apartments by 0.6% in the third quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock valued at $4,356,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Barclays PLC grew its position 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 valued at $306,000 after purchasing an additional 2,263 shares during the last quarter. 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.