BRT Apartments (NYSE:BRT) Rating Reiterated by JMP Securities

JMP Securities reiterated their buy rating on shares of BRT Apartments (NYSE:BRTGet Rating) in a research report report published on Wednesday morning. The brokerage currently has a $28.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. B. Riley reduced their target price on shares of BRT Apartments from $32.00 to $30.00 in a research note on Friday, November 11th. StockNews.com assumed coverage on shares of BRT Apartments in a report on Wednesday, October 12th. They issued a hold rating on the stock.

BRT Apartments Trading Down 0.2 %

Shares of BRT opened at $20.62 on Wednesday. BRT Apartments has a twelve month low of $18.35 and a twelve month high of $25.67. The company has a market cap of $390.54 million, a P/E ratio of 7.24, a P/E/G ratio of 2.18 and a beta of 1.20. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.80. The company’s fifty day simple moving average is $20.90 and its 200-day simple moving average is $21.93.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, September 26th. BRT Apartments’s payout ratio is presently 35.09%.

Insider Transactions at BRT Apartments

In related news, SVP Matthew J. Gould purchased 1,495 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of $20.28 per share, for a total transaction of $30,318.60. Following the completion of the acquisition, the senior vice president now owns 3,148,922 shares in the company, valued at approximately $63,860,138.16. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other BRT Apartments news, SVP Matthew J. Gould bought 1,495 shares of the company’s stock in a transaction on Monday, November 21st. The shares were bought at an average cost of $20.28 per share, for a total transaction of $30,318.60. Following the acquisition, the senior vice president now directly owns 3,148,922 shares in the company, valued at $63,860,138.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Gould bought 1,900 shares of the company’s stock in a transaction on Friday, November 18th. The shares were acquired at an average price of $20.29 per share, for a total transaction of $38,551.00. Following the completion of the acquisition, the chief executive officer now owns 3,147,427 shares in the company, valued at $63,861,293.83. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 106,373 shares of company stock worth $2,171,547. Insiders own 36.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in BRT Apartments by 0.8% during the 3rd quarter. Renaissance Technologies LLC now owns 607,691 shares of the financial services provider’s stock worth $12,342,000 after acquiring an additional 4,600 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in BRT Apartments by 7.0% during the 3rd quarter. Avantax Advisory Services Inc. now owns 252,035 shares of the financial services provider’s stock worth $5,119,000 after acquiring an additional 16,393 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of BRT Apartments by 34.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 219,689 shares of the financial services provider’s stock valued at $4,462,000 after buying an additional 56,800 shares in the last quarter. State Street Corp boosted its holdings in shares of BRT Apartments by 0.9% in the 3rd quarter. State Street Corp now owns 204,358 shares of the financial services provider’s stock valued at $4,202,000 after buying an additional 1,739 shares in the last quarter. Finally, Relative Value Partners Group LLC boosted its holdings in shares of BRT Apartments by 2.6% in the 3rd quarter. Relative Value Partners Group LLC now owns 190,565 shares of the financial services provider’s stock valued at $3,870,000 after buying an additional 4,777 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors.

About BRT Apartments

(Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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