BRT Apartments (NYSE:BRT) Stock Crosses Above 200 Day Moving Average – Here’s Why

BRT Apartments Corp. (NYSE:BRT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.03 and traded as high as $15.05. BRT Apartments shares last traded at $14.71, with a volume of 19,794 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of BRT Apartments in a research report on Wednesday, January 21st. Citizens Jmp dropped 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 report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BRT Apartments has a consensus rating of “Hold” and a consensus target price of $19.75.

BRT Apartments Price Performance

The firm has a market capitalization of $279.78 million, a P/E ratio of -28.84 and a beta of 0.92. The company has a fifty day moving average of $14.75 and a 200 day moving average of $15.03. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.50 and a quick ratio of 1.50.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.00 annualized dividend and a dividend yield of 6.8%. BRT Apartments’s dividend payout ratio (DPR) is -196.08%.

Insider Activity at BRT Apartments

In other BRT Apartments news, CFO George Zweier sold 6,801 shares of BRT Apartments stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $14.74, for a total value of $100,246.74. Following the completion of the sale, the chief financial officer directly owned 110,440 shares in the company, valued at approximately $1,627,885.60. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.00% of the stock is currently owned by insiders.

Institutional Trading of BRT Apartments

Hedge funds have recently modified their holdings of the stock. 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 worth $27,000 after acquiring an additional 1,539 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of BRT Apartments by 111.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 955 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of BRT Apartments by 1,171.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,073 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,910 shares in the last quarter. Strs Ohio acquired a new stake in shares of BRT Apartments in the 1st quarter valued at about $39,000. Finally, BNP Paribas Financial Markets increased its position in BRT Apartments by 388.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock valued at $49,000 after buying an additional 2,497 shares in the last quarter. Institutional investors own 29.07% of the company’s stock.

BRT Apartments Company Profile

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.