George Zweier Sells 6,801 Shares of BRT Apartments (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 6,801 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $14.74, for a total transaction of $100,246.74. Following the completion of the transaction, the chief financial officer owned 110,440 shares in the company, valued at $1,627,885.60. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

BRT Apartments Trading Down 0.3%

Shares of BRT stock opened at $14.69 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $279.40 million, a price-to-earnings ratio of -28.80 and a beta of 0.94. BRT Apartments Corp. has a 1 year low of $14.00 and a 1 year high of $19.01. The firm has a fifty day moving average price of $14.65 and a 200-day moving average price of $15.25.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, December 22nd. BRT Apartments’s payout ratio is presently -196.08%.

Institutional Trading of BRT Apartments

Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in shares of BRT Apartments by 1.0% during the 2nd quarter. Prudential Financial Inc. now owns 77,205 shares of the financial services provider’s stock valued at $1,207,000 after purchasing an additional 770 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after buying an additional 955 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in BRT Apartments by 725.9% during the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,539 shares during the last quarter. Geode Capital Management LLC grew its holdings in BRT Apartments by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock valued at $4,522,000 after buying an additional 1,837 shares in the last quarter. Finally, Strs Ohio purchased a new position in BRT Apartments during the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of BRT Apartments in a research note on Wednesday, October 8th. Citizens Jmp reduced their price objective on shares of BRT Apartments from $24.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 18th. Wall Street Zen downgraded shares of BRT Apartments from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Finally, B. Riley reaffirmed a “buy” rating and issued a $19.50 target price (down previously from $21.00) on shares of BRT Apartments in a report on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.75.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.