BRT Apartments Corp. (NYSE:BRT) CFO George Zweier Sells 2,143 Shares

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CFO George Zweier sold 2,143 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the transaction, the chief financial officer now directly owns 120,797 shares in the company, valued at approximately $2,181,593.82. This represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BRT Apartments Stock Performance

Shares of BRT stock traded down $0.01 during trading hours on Monday, reaching $17.41. 7,138 shares of the company's stock were exchanged, compared to its average volume of 32,475. 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's 50 day moving average is $17.70 and its two-hundred day moving average is $17.97. The company has a market cap of $329.48 million, a P/E ratio of -32.84 and a beta of 1.11. BRT Apartments Corp. has a 1 year low of $15.92 and a 1 year high of $20.22.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 5.75%. BRT Apartments's payout ratio is currently -188.68%.

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Analysts Set New Price Targets

Several brokerages recently weighed in on BRT. B. Riley decreased their price target on BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday. Colliers Securities cut shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research note on Thursday, March 13th.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently made changes to their positions in BRT. Tower Research Capital LLC TRC grew its position in 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 buying an additional 991 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of BRT Apartments in the 4th quarter worth approximately $77,000. Wells Fargo & Company MN increased its stake in BRT Apartments by 23.5% in the 4th 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 in the last quarter. Noesis Capital Mangement Corp acquired a new position in BRT Apartments during the third quarter worth $176,000. Finally, Barclays PLC boosted its position in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider's stock worth $258,000 after purchasing an additional 10,973 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

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.