BRT Apartments Corp. (NYSE:BRT) Short Interest Update

BRT Apartments Corp. (NYSE:BRT – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 142,900 shares, an increase of 27.9% from the December 15th total of 111,700 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 60,900 shares, the short-interest ratio is currently 2.3 days.

Insider Activity

In other news, VP Isaac Kalish sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $20.93, for a total transaction of $62,790.00. Following the transaction, the vice president now directly owns 104,218 shares of the company’s stock, valued at $2,181,282.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Matthew J. Gould acquired 12,500 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average cost of $20.24 per share, with a total value of $253,000.00. Following the completion of the acquisition, the senior vice president now owns 3,145,527 shares of the company’s stock, valued at $63,665,466.48. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Isaac Kalish sold 3,000 shares of the stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $20.93, for a total value of $62,790.00. Following the completion of the transaction, the vice president now directly owns 104,218 shares in the company, valued at $2,181,282.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 102,805 shares of company stock worth $2,059,162. Corporate insiders own 36.70% of the company’s stock.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors have recently added to or reduced their stakes in BRT. Next Capital Management LLC purchased a new position in BRT Apartments during the fourth quarter worth about $982,000. Bank of New York Mellon Corp lifted its position in shares of BRT Apartments by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 114,061 shares of the financial services provider’s stock worth $2,316,000 after purchasing an additional 7,248 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of BRT Apartments during the third quarter worth about $280,000. BNP Paribas Arbitrage SNC lifted its position in shares of BRT Apartments by 64.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 7,914 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 3,098 shares in the last quarter. Finally, State Street Corp lifted its position in shares of BRT Apartments by 0.9% during the third quarter. State Street Corp now owns 204,358 shares of the financial services provider’s stock worth $4,202,000 after purchasing an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 29.64% of the company’s stock.

Analysts Set New Price Targets

BRT has been the topic of several analyst reports. B. Riley dropped their target price on BRT Apartments from $32.00 to $30.00 in a report on Friday, November 11th. JMP Securities reaffirmed a “buy” rating and set a $28.00 target price on shares of BRT Apartments in a report on Wednesday, November 23rd. Finally, StockNews.com initiated coverage on BRT Apartments in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

BRT Apartments Stock Performance

NYSE BRT opened at $20.19 on Friday. The company has a market cap of $382.40 million, a PE ratio of 7.08, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. The stock’s 50 day simple moving average is $20.07 and its 200-day simple moving average is $21.47. BRT Apartments has a 1-year low of $18.73 and a 1-year high of $25.67. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.95 and a quick ratio of 0.95.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Tuesday, December 20th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 4.95%. BRT Apartments’s payout ratio is 35.09%.

About BRT Apartments

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BRT Apartments Corp. is a real estate investment trust, which engages in the ownership, operation, and development of multi-family properties. Its properties include Brixworth at Bridge Street, Silvana Oaks Apartments, Avondale Station, Newbridge Commons, Kendall Manor, and Parkway Grande. The company was founded in 1972 and is headquartered in Great Neck, NY.