BRT Apartments Corp. (NYSE:BRT) Stock Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of BRT Apartments Corp. (NYSE:BRT) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,766 shares of the financial services provider’s stock after selling 12,799 shares during the period. Geode Capital Management LLC owned about 1.45% of BRT Apartments worth $4,918,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BRT. Barclays PLC lifted its stake in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after buying an additional 10,973 shares in the last quarter. Noesis Capital Mangement Corp lifted its position in shares of BRT Apartments by 50.0% in the 4th quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 5,000 shares in the last quarter. Tidal Investments LLC acquired a new position in BRT Apartments in the 3rd quarter worth approximately $320,000. JPMorgan Chase & Co. grew its position in BRT Apartments by 127.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 12,103 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BRT Apartments during the 4th quarter valued at $795,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Trading Down 0.3 %

NYSE BRT opened at $15.63 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. BRT Apartments Corp. has a 1-year low of $14.61 and a 1-year high of $20.22. The firm’s fifty day simple moving average is $16.94 and its 200-day simple moving average is $17.60. The company has a market capitalization of $295.88 million, a PE ratio of -29.49 and a beta of 0.92.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Thursday, March 27th. BRT Apartments’s payout ratio is currently -188.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Colliers Securities downgraded BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th. B. Riley lowered their target price on BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a research report on Wednesday.

Insider Transactions at BRT Apartments

In related news, CFO George Zweier sold 2,143 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the transaction, the chief financial officer now owns 120,797 shares in the company, valued at approximately $2,181,593.82. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 40.20% of the company’s stock.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.