AQR Capital Management LLC Cuts Stock Position in BRT Apartments Corp. (NYSE:BRT)

AQR Capital Management LLC lessened its stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 69.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,690 shares of the financial services provider's stock after selling 29,455 shares during the period. AQR Capital Management LLC owned approximately 0.07% of BRT Apartments worth $222,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of BRT Apartments in the second quarter worth $28,000. BNP Paribas Financial Markets increased its stake in shares of BRT Apartments by 187.0% in the first quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider's stock worth $139,000 after acquiring an additional 5,384 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of BRT Apartments by 4.7% in the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider's stock worth $262,000 after acquiring an additional 680 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of BRT Apartments by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider's stock worth $344,000 after acquiring an additional 1,726 shares during the period. Finally, Wealth Alliance increased its stake in shares of BRT Apartments by 2.6% in the second quarter. Wealth Alliance now owns 27,146 shares of the financial services provider's stock worth $474,000 after acquiring an additional 681 shares during the period. Hedge funds and other institutional investors own 29.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price objective on shares of BRT Apartments from $20.50 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th.

BRT Apartments Price Performance

BRT traded down $0.12 on Friday, hitting $17.42. 11,428 shares of the company's stock were exchanged, compared to its average volume of 31,825. The firm has a 50-day moving average price of $18.10 and a 200-day moving average price of $17.81. The stock has a market cap of $324.73 million, a price-to-earnings ratio of 79.18, a P/E/G ratio of 2.03 and a beta of 1.06. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.14. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.12.

BRT Apartments (NYSE:BRT - Get Free Report) last released its earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.50). BRT Apartments had a negative return on equity of 3.89% and a negative net margin of 9.24%. The business had revenue of $23.86 million during the quarter, compared to analysts' expectations of $23.45 million. During the same period last year, the business earned $0.37 earnings per share. As a group, equities analysts anticipate that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Tuesday, September 24th. BRT Apartments's dividend payout ratio (DPR) is 454.55%.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.