Renaissance Technologies LLC decreased its stake in BRT Apartments Corp. (NYSE:BRT - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 372,891 shares of the financial services provider's stock after selling 22,100 shares during the quarter. Renaissance Technologies LLC owned approximately 1.98% of BRT Apartments worth $6,723,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. acquired a new position in shares of BRT Apartments in the fourth quarter worth $77,000. Wells Fargo & Company MN raised its stake 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. Barclays PLC lifted its holdings in shares of BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider's stock valued at $258,000 after buying an additional 10,973 shares during the last quarter. Noesis Capital Mangement Corp grew its stake in shares of BRT Apartments by 50.0% in the 4th quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider's stock valued at $270,000 after buying an additional 5,000 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in BRT Apartments in the third quarter worth approximately $320,000. Institutional investors and hedge funds own 29.07% of the company's stock.
Analysts Set New Price Targets
BRT has been the subject of a number of analyst reports. StockNews.com cut shares of BRT Apartments from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Colliers Securities lowered shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research note on Thursday, March 13th. Finally, B. Riley lowered their target price on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th.
Check Out Our Latest Research Report on BRT Apartments
Insiders Place Their Bets
In other news, CFO George Zweier sold 2,143 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the completion of the transaction, the chief financial officer now directly owns 120,797 shares in the company, valued at $2,181,593.82. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 40.20% of the company's stock.
BRT Apartments Stock Performance
Shares of NYSE:BRT traded down $0.01 during trading on Wednesday, reaching $15.78. The stock had a trading volume of 13,679 shares, compared to its average volume of 31,726. The stock has a fifty day simple moving average of $17.06 and a two-hundred day simple moving average of $17.64. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. BRT Apartments Corp. has a 52 week low of $14.61 and a 52 week high of $20.22. The firm has a market capitalization of $298.72 million, a price-to-earnings ratio of -29.90 and a beta of 0.92.
BRT Apartments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date was Thursday, March 27th. BRT Apartments's dividend payout ratio is -188.68%.
About BRT Apartments
(
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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