Raymond James Financial Inc. Invests $795,000 in BRT Apartments Corp. (NYSE:BRT)

Raymond James Financial Inc. acquired a new stake in BRT Apartments Corp. (NYSE:BRT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,087 shares of the financial services provider’s stock, valued at approximately $795,000. Raymond James Financial Inc. owned approximately 0.23% of BRT Apartments at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BRT. Vanguard Group Inc. boosted its stake in BRT Apartments by 62.7% during the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock valued at $20,068,000 after purchasing an additional 429,046 shares in the last quarter. Wealth Alliance boosted its stake in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 38,475 shares in the last quarter. Tidal Investments LLC acquired a new position in BRT Apartments during the third quarter worth about $320,000. JPMorgan Chase & Co. raised its position in BRT Apartments by 76.2% in the fourth quarter. JPMorgan Chase & Co. now owns 38,087 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 16,466 shares in the last quarter. Finally, Barclays PLC lifted its holdings in BRT Apartments by 295.2% in the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 10,973 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Stock Performance

Shares of BRT stock opened at $15.28 on Wednesday. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22. The stock’s 50-day moving average is $16.64 and its two-hundred day moving average is $17.51. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $289.25 million, a P/E ratio of -28.83 and a beta of 1.07.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Thursday, March 27th. BRT Apartments’s payout ratio is presently -188.68%.

Insider Buying and Selling at BRT Apartments

In other BRT Apartments news, CFO George Zweier sold 2,143 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the completion of the sale, the chief financial officer now owns 120,797 shares of the company’s stock, valued at $2,181,593.82. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 40.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. B. Riley dropped their target price on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. StockNews.com raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Wednesday, April 23rd. Finally, Colliers Securities lowered BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

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.