Colliers Securities lowered shares of BRT Apartments (NYSE:BRT - Free Report) from a buy rating to a neutral rating in a report released on Thursday, Marketbeat reports.
Separately, B. Riley upped their target price on shares of BRT Apartments from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, December 10th.
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BRT Apartments Stock Performance
NYSE BRT traded down $0.03 on Thursday, hitting $17.66. 39,841 shares of the stock were exchanged, compared to its average volume of 31,943. The company has a market capitalization of $334.36 million, a PE ratio of -33.33 and a beta of 1.11. 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's fifty day moving average is $17.58 and its 200 day moving average is $18.00. BRT Apartments has a 52 week low of $15.81 and a 52 week high of $20.22.
BRT Apartments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.66%. The ex-dividend date is Thursday, March 27th. BRT Apartments's dividend payout ratio is -188.68%.
Institutional Trading of BRT Apartments
Several hedge funds and other institutional investors have recently modified their holdings of BRT. Noesis Capital Mangement Corp acquired a new stake in BRT Apartments during the 3rd quarter worth approximately $176,000. State Street Corp lifted its holdings in shares of BRT Apartments by 0.6% during the third quarter. State Street Corp now owns 244,355 shares of the financial services provider's stock worth $4,356,000 after buying an additional 1,561 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments during the third quarter worth $1,594,000. Barclays PLC boosted its position in shares of 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 period. Finally, Tidal Investments LLC acquired a new position in shares of BRT Apartments in the third quarter valued at about $320,000. 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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