BRT Apartments Corp. (NYSE:BRT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.99 and traded as high as $18.20. BRT Apartments shares last traded at $18.14, with a volume of 15,403 shares.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on BRT. Colliers Securities lowered shares of BRT Apartments from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th. B. Riley increased their target price on BRT Apartments from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, December 10th.
Check Out Our Latest Report on BRT Apartments
BRT Apartments Price Performance
The stock has a market capitalization of $344.85 million, a price-to-earnings ratio of -34.37 and a beta of 1.11. 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 stock has a fifty day moving average of $17.65 and a 200-day moving average of $17.98.
BRT Apartments Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 27th. BRT Apartments's dividend payout ratio (DPR) is -188.68%.
Institutional Investors Weigh In On BRT Apartments
A number of institutional investors and hedge funds have recently bought and sold shares of BRT. Tidal Investments LLC increased its position in shares of BRT Apartments by 5.2% during the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider's stock worth $346,000 after purchasing an additional 952 shares in the last quarter. Bank of America Corp DE increased its position in BRT Apartments by 26.1% during the fourth quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider's stock worth $317,000 after buying an additional 3,638 shares during the period. Tower Research Capital LLC TRC lifted 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 buying an additional 991 shares during the last quarter. Barclays PLC lifted its stake in 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 buying an additional 2,263 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of BRT Apartments in the fourth quarter valued at approximately $795,000. 29.07% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
Before you consider BRT Apartments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRT Apartments wasn't on the list.
While BRT Apartments currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
