BRT Apartments Corp. (NYSE:BRT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.02 and traded as high as $18.04. BRT Apartments shares last traded at $17.96, with a volume of 27,378 shares changing hands.
Wall Street Analyst Weigh In
Separately, B. Riley lifted their price target on shares of BRT Apartments from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th.
View Our Latest Stock Analysis on BRT
BRT Apartments Stock Performance
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 has a market cap of $337.19 million, a price-to-earnings ratio of -33.83 and a beta of 1.12. The stock has a 50-day moving average price of $17.58 and a 200 day moving average price of $18.03.
BRT Apartments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments's payout ratio is -188.68%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in 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 in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of BRT Apartments in the fourth quarter valued at approximately $77,000. Wells Fargo & Company MN grew its holdings in shares of BRT Apartments by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock worth $137,000 after purchasing an additional 1,439 shares in the last quarter. Noesis Capital Mangement Corp bought a new position in BRT Apartments in the 3rd quarter valued at about $176,000. Finally, Barclays PLC increased its stake in BRT Apartments by 295.2% in the third 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 during the last quarter. Institutional investors and hedge funds own 29.07% of the company's stock.
BRT Apartments Company Profile
(
Get Free Report)
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.
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