BRT Apartments (NYSE:BRT) Cut to "Sell" at StockNews.com

StockNews.com lowered shares of BRT Apartments (NYSE:BRT - Free Report) from a hold rating to a sell rating in a report issued on Tuesday morning.

Several other research firms have also weighed in on BRT. Colliers Securities lowered BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. B. Riley dropped their price target 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 Stock Down 3.2 %

Shares of NYSE BRT traded down $0.53 during mid-day trading on Tuesday, hitting $15.96. The company had a trading volume of 73,419 shares, compared to its average volume of 32,625. BRT Apartments has a one year low of $15.87 and a one year high of $20.22. The company has a market capitalization of $302.03 million, a PE ratio of -30.10 and a beta of 0.92. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. The firm has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $17.89.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.00 annualized dividend and a yield of 6.27%. BRT Apartments's dividend payout ratio is -188.68%.

Insider Activity

In related news, CFO George Zweier sold 2,143 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the sale, the chief financial officer now 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 the SEC website. Insiders own 40.20% of the company's stock.

Hedge Funds Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of BRT Apartments by 131.4% during the 4th 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 last quarter. Resona Asset Management Co. Ltd. acquired a new stake in BRT Apartments during the fourth quarter worth approximately $77,000. Wells Fargo & Company MN lifted its position in BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock worth $137,000 after acquiring an additional 1,439 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 10,973 shares during the period. Finally, Noesis Capital Mangement Corp grew its position in shares of BRT Apartments by 50.0% in the fourth quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 5,000 shares during the last quarter. 29.07% of the stock is owned by institutional investors.

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.