Key Points
- CFO George Zweier sold 6,801 shares on Dec. 29 at an average price of $14.74 for about $100,247, leaving him with 110,440 shares (a 5.8% reduction in his stake).
- BRT declared a quarterly dividend of $0.25 per share (annualized $1.00) payable Jan. 6, with an ex‑dividend/record date of Dec. 22, implying a yield of roughly 6.8%.
- Analyst and ownership context: institutional investors own about 29% of the stock and analysts are mixed, with an average rating of "Hold" and an average target price of $19.75.
BRT Apartments Corp. (NYSE:BRT - Get Free Report) CFO George Zweier sold 6,801 shares of the business's stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $14.74, for a total value of $100,246.74. Following the transaction, the chief financial officer owned 110,440 shares of the company's stock, valued at approximately $1,627,885.60. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BRT Apartments Price Performance
BRT stock opened at $14.69 on Thursday. The firm has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $15.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $279.40 million, a PE ratio of -28.80 and a beta of 0.97. BRT Apartments Corp. has a one year low of $14.00 and a one year high of $19.01.
BRT Apartments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.00 annualized dividend and a yield of 6.8%. BRT Apartments's payout ratio is -196.08%.
Institutional Investors Weigh In On BRT Apartments
Hedge funds have recently made changes to their positions in the company. Nuveen LLC purchased a new position in BRT Apartments during the first quarter valued at $673,000. Permanens Capital L.P. lifted its position in BRT Apartments by 21.4% during the 3rd quarter. Permanens Capital L.P. now owns 201,263 shares of the financial services provider's stock valued at $3,192,000 after acquiring an additional 35,415 shares during the period. Silverberg Bernstein Capital Management LLC boosted its stake in BRT Apartments by 21.4% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 119,927 shares of the financial services provider's stock worth $1,878,000 after acquiring an additional 21,114 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in BRT Apartments by 240.4% in the third quarter. BNP Paribas Financial Markets now owns 10,685 shares of the financial services provider's stock worth $167,000 after purchasing an additional 7,546 shares during the period. Finally, Boston Partners increased its stake in shares of BRT Apartments by 5.8% during the third quarter. Boston Partners now owns 110,640 shares of the financial services provider's stock valued at $1,733,000 after purchasing an additional 6,086 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on BRT shares. Weiss Ratings reissued a "sell (d+)" rating on shares of BRT Apartments in a report on Wednesday, October 8th. Citizens Jmp decreased their price target on shares of BRT Apartments from $24.00 to $20.00 and set a "market outperform" rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen lowered BRT Apartments from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Finally, B. Riley restated a "buy" rating and set a $19.50 price target (down previously from $21.00) on shares of BRT Apartments in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BRT Apartments presently has an average rating of "Hold" and an average target price of $19.75.
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BRT Apartments Company Profile
(
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BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.
Established in 2013, BRT Apartments Corp.
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