BRT Apartments (NYSE:BRT) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of BRT Apartments (NYSE:BRT) from a hold rating to a sell rating in a report published on Monday.

BRT Apartments Trading Down 0.9 %

NYSE BRT opened at $18.32 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $345.42 million, a PE ratio of 35.22, a P/E/G ratio of 2.68 and a beta of 1.09. BRT Apartments has a one year low of $16.43 and a one year high of $22.69. The firm’s fifty day moving average is $19.03 and its two-hundred day moving average is $18.94.

Insider Buying and Selling

In other news, EVP Mitchell Gould sold 50,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were 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 $2,987,479.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 38.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BRT Apartments

Several large investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY raised its stake in shares of BRT Apartments by 83.9% in the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 635 shares during the last quarter. Strs Ohio acquired a new stake in BRT Apartments during the second quarter worth about $47,000. Barclays PLC boosted its stake 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 valued at $64,000 after purchasing an additional 2,020 shares in the last quarter. Citigroup Inc. boosted its position in BRT Apartments by 13,260.7% during the 2nd quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock worth $74,000 after buying an additional 3,713 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake 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 valued at $103,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors own 28.92% 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.