BRT Apartments (NYSE:BRT) Stock Rating Lowered by StockNews.com

BRT Apartments (NYSE:BRT – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other equities analysts have also commented on BRT. JMP Securities restated a “buy” rating and set a $28.00 price target on shares of BRT Apartments in a research report on Wednesday, November 23rd. EF Hutton Acquisition Co. I decreased their price target on BRT Apartments from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, BRT Apartments currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

BRT Apartments Stock Performance

Shares of NYSE BRT opened at $18.98 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $20.86. The stock has a market capitalization of $359.48 million, a P/E ratio of 6.66, a P/E/G ratio of 1.93 and a beta of 1.06. BRT Apartments has a 52-week low of $18.07 and a 52-week high of $25.67.

Insider Buying and Selling

In related news, SVP Matthew J. Gould bought 8,536 shares of BRT Apartments stock in a transaction dated Thursday, December 22nd. The stock was acquired at an average cost of $19.37 per share, with a total value of $165,342.32. Following the completion of the acquisition, the senior vice president now directly owns 3,260,405 shares in the company, valued at approximately $63,154,044.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Matthew J. Gould purchased 8,536 shares of the business’s stock in a transaction dated Thursday, December 22nd. The stock was bought at an average cost of $19.37 per share, with a total value of $165,342.32. Following the purchase, the senior vice president now directly owns 3,260,405 shares of the company’s stock, valued at $63,154,044.85. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Gould acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The stock was acquired at an average price of $19.83 per share, with a total value of $198,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,251,869 shares of the company’s stock, valued at approximately $64,484,562.27. The disclosure for this purchase can be found here. Insiders own 36.70% of the company’s stock.

Institutional Investors Weigh In On BRT Apartments

Several hedge funds and other institutional investors have recently modified their holdings of BRT. Metropolitan Life Insurance Co NY boosted its stake in BRT Apartments by 83.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock worth $33,000 after buying an additional 635 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in BRT Apartments during the 3rd quarter worth about $28,000. Barclays PLC increased its position in BRT Apartments by 166.9% in the 4th quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 2,020 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of BRT Apartments by 34.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,816 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,231 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of BRT Apartments by 16.7% during the third quarter. UBS Group AG now owns 6,178 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 882 shares during the last quarter. Institutional investors and hedge funds own 29.64% of the company’s stock.

About BRT Apartments

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BRT Apartments Corp. is a real estate investment trust, which engages in the ownership, operation, and development of multi-family properties. Its properties include Brixworth at Bridge Street, Silvana Oaks Apartments, Avondale Station, Newbridge Commons, Kendall Manor, and Parkway Grande. The company was founded in 1972 and is headquartered in Great Neck, NY.