RMR Advisors LLC cut its holdings in shares of BRT Apartments Corp (NYSE:BRT) by 81.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,354 shares of the financial services provider’s stock after selling 14,533 shares during the quarter. RMR Advisors LLC’s holdings in BRT Apartments were worth $47,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in BRT Apartments by 35.7% in the 3rd quarter. Renaissance Technologies LLC now owns 681,274 shares of the financial services provider’s stock valued at $8,203,000 after buying an additional 179,414 shares in the last quarter. Vanguard Group Inc lifted its position in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc now owns 419,502 shares of the financial services provider’s stock worth $5,051,000 after buying an additional 87,390 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc. now owns 419,502 shares of the financial services provider’s stock worth $5,051,000 after buying an additional 87,390 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of BRT Apartments during the 3rd quarter worth $742,000. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of BRT Apartments during the 4th quarter worth $648,000. 30.64% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on BRT shares. Zacks Investment Research downgraded BRT Apartments from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. B. Riley restated a “buy” rating on shares of BRT Apartments in a research report on Tuesday, January 15th. DA Davidson started coverage on BRT Apartments in a research report on Thursday, March 28th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Compass Point started coverage on BRT Apartments in a research report on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $15.38.
BRT Apartments stock traded down $0.08 during trading hours on Wednesday, hitting $13.86. The stock had a trading volume of 4,696 shares, compared to its average volume of 21,086. The company has a market capitalization of $220.51 million, a PE ratio of 14.29 and a beta of 0.60. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.79. BRT Apartments Corp has a one year low of $10.91 and a one year high of $14.20.
BRT Apartments (NYSE:BRT) last released its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.63. BRT Apartments had a net margin of 20.77% and a return on equity of 8.64%. The business had revenue of $31.44 million for the quarter, compared to analyst estimates of $31.61 million. As a group, analysts predict that BRT Apartments Corp will post 0.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.80 dividend on an annualized basis and a yield of 5.77%. BRT Apartments’s dividend payout ratio is presently 82.47%.
About BRT Apartments
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.
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