BRT Apartments Corp. (NYSE:BRT) Shares Acquired by Wealth Alliance

Wealth Alliance increased its stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 141.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,621 shares of the financial services provider's stock after buying an additional 38,475 shares during the quarter. Wealth Alliance owned about 0.35% of BRT Apartments worth $1,183,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BRT. Noesis Capital Mangement Corp purchased a new stake in shares of BRT Apartments during the third quarter valued at $176,000. State Street Corp grew 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 valued at $4,356,000 after buying an additional 1,561 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of BRT Apartments during the third quarter valued at $1,594,000. Barclays PLC lifted its position in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider's stock valued at $258,000 after purchasing an additional 10,973 shares during the period. Finally, Tidal Investments LLC acquired a new position in BRT Apartments during the third quarter valued at $320,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on shares of BRT Apartments from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th.

BRT Apartments Stock Performance

NYSE BRT traded down $0.33 on Friday, reaching $17.52. 16,303 shares of the company's stock traded hands, compared to its average volume of 16,499. The firm has a market cap of $329.59 million, a price-to-earnings ratio of -33.06 and a beta of 1.12. The stock has a 50 day moving average price of $17.63 and a 200-day moving average price of $18.02. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a $0.25 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.71%. BRT Apartments's dividend payout ratio (DPR) is currently -188.68%.

BRT Apartments Company Profile

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.