BRT Apartments Corp. (NYSE:BRT) CFO Sells $38,702.58 in Stock

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 2,143 shares of BRT Apartments stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the transaction, the chief financial officer now directly owns 120,797 shares in the company, valued at $2,181,593.82. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BRT Apartments Trading Down 0.8 %

NYSE BRT opened at $17.43 on Friday. BRT Apartments Corp. has a 12 month low of $15.92 and a 12 month high of $20.22. The stock has a market capitalization of $329.86 million, a P/E ratio of -32.88 and a beta of 1.11. The firm’s 50-day moving average is $17.70 and its two-hundred day moving average is $17.97. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.74%. BRT Apartments’s payout ratio is currently -188.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRT shares. Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. B. Riley reduced their target price on BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday.

Institutional Trading of BRT Apartments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of BRT Apartments by 127.2% in the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after buying an additional 12,103 shares in the last quarter. Wealth Alliance boosted its holdings in BRT Apartments by 141.7% during the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 38,475 shares during the period. Barclays PLC grew its position in BRT Apartments by 295.2% in the 3rd 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 in the last quarter. State Street Corp increased its stake in BRT Apartments by 0.6% during the third quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after purchasing an additional 1,561 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments during the third quarter worth about $1,594,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.