Globeflex Capital L P Has $36,000 Holdings in BRT Apartments Corp. (NYSE:BRT)

Globeflex Capital L P cut its stake in BRT Apartments Corp. (NYSE:BRT) by 92.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,845 shares of the financial services provider’s stock after selling 21,297 shares during the period. Globeflex Capital L P’s holdings in BRT Apartments were worth $36,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Metropolitan Life Insurance Co NY boosted its position in BRT Apartments by 83.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after buying an additional 635 shares during the last quarter. Barclays PLC boosted its position in shares of BRT Apartments by 166.9% in the 4th quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,020 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of BRT Apartments by 34.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,816 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,231 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BRT Apartments in the 1st quarter worth $104,000. Finally, UBS Group AG boosted its position in shares of BRT Apartments by 16.7% in the 3rd quarter. UBS Group AG now owns 6,178 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 882 shares during the last quarter. 28.92% of the stock is currently owned by institutional investors.

BRT Apartments Trading Up 0.3 %

Shares of BRT stock opened at $18.17 on Monday. The stock has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $19.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.87. BRT Apartments Corp. has a 1 year low of $16.43 and a 1 year high of $23.61. The stock has a market cap of $342.69 million, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Monday, June 26th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, June 23rd. BRT Apartments’s payout ratio is presently 192.31%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded BRT Apartments from a “sell” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In other news, EVP Mitchell Gould sold 50,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $20.15, for a total value of $1,007,500.00. Following the completion of the transaction, the executive vice president now directly owns 148,262 shares in the company, valued at approximately $2,987,479.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 38.30% of the company’s stock.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of June 30, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.