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 $18.04 and traded as high as $18.25. BRT Apartments shares last traded at $17.68, with a volume of 10,978 shares traded.
Wall Street Analysts Forecast Growth
Separately, B. Riley upped their price objective on shares of BRT Apartments from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th.
View Our Latest Stock Report 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 business has a 50 day moving average price of $17.73 and a 200 day moving average price of $18.02. The stock has a market capitalization of $332.20 million, a PE ratio of -33.34 and a beta of 1.12.
BRT Apartments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments's payout ratio is -188.68%.
Institutional Investors Weigh In On BRT Apartments
A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in BRT Apartments by 131.4% in 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 period. Resona Asset Management Co. Ltd. bought a new position in shares of BRT Apartments in the fourth quarter worth about $77,000. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 1,439 shares in the last quarter. Noesis Capital Mangement Corp bought a new stake in shares of BRT Apartments during the third quarter valued at approximately $176,000. Finally, Barclays PLC lifted its stake in BRT Apartments by 295.2% in the 3rd 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. Institutional investors own 29.07% of the company's stock.
BRT Apartments Company Profile
(
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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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