Nisa Investment Advisors LLC Takes Position in BRT Apartments Corp. (NYSE:BRT)

Nisa Investment Advisors LLC purchased a new stake in BRT Apartments Corp. (NYSE:BRTGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,300 shares of the financial services provider’s stock, valued at approximately $175,000.

A number of other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of BRT Apartments by 60.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 4,693 shares of the financial services provider’s stock valued at $113,000 after buying an additional 1,772 shares in the last quarter. Schroder Investment Management Group increased its position in shares of BRT Apartments by 2.7% in the fourth quarter. Schroder Investment Management Group now owns 69,103 shares of the financial services provider’s stock valued at $1,658,000 after buying an additional 1,833 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of BRT Apartments in the first quarter valued at $52,000. Schnieders Capital Management LLC increased its position in BRT Apartments by 27.4% during the 4th quarter. Schnieders Capital Management LLC now owns 37,388 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 8,038 shares in the last quarter. Finally, LDR Capital Management LLC purchased a new stake in BRT Apartments during the 4th quarter worth about $295,000. Hedge funds and other institutional investors own 28.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BRT. JMP Securities reiterated a “buy” rating and set a $28.00 price objective on shares of BRT Apartments in a research report on Wednesday, May 25th. StockNews.com upgraded BRT Apartments from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Finally, TheStreet upgraded BRT Apartments from a “c+” rating to a “b-” rating in a research report on Tuesday, May 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.33.

Insider Buying and Selling at BRT Apartments

In other news, major shareholder Investors L. P. Gould acquired 6,924 shares of BRT Apartments stock in a transaction dated Thursday, May 12th. The shares were acquired at an average cost of $19.99 per share, with a total value of $138,410.76. Following the purchase, the insider now directly owns 2,996,822 shares of the company’s stock, valued at approximately $59,906,471.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 36.70% of the stock is owned by company insiders.

BRT Apartments Stock Down 1.8 %

BRT opened at $22.27 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $414.29 million, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.25. The business has a 50-day moving average of $22.10 and a two-hundred day moving average of $22.27. BRT Apartments Corp. has a 12 month low of $17.18 and a 12 month high of $25.31.

BRT Apartments (NYSE:BRTGet Rating) last posted its quarterly earnings results on Monday, May 9th. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. BRT Apartments had a return on equity of 22.09% and a net margin of 121.97%. During the same period in the previous year, the business posted $0.30 earnings per share. On average, research analysts expect that BRT Apartments Corp. will post 1.54 earnings per share for the current year.

BRT Apartments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Thursday, June 30th were issued a $0.25 dividend. This is a boost from BRT Apartments’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, June 29th. This represents a $1.00 annualized dividend and a yield of 4.49%. BRT Apartments’s payout ratio is 40.65%.

BRT Apartments Profile

(Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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Institutional Ownership by Quarter for BRT Apartments (NYSE:BRT)

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