BRT Apartments Corp. (NYSE:BRT) Shares Bought by Wealth Alliance

Wealth Alliance lifted its stake in shares of BRT Apartments Corp. (NYSE:BRT) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,146 shares of the financial services provider’s stock after purchasing an additional 681 shares during the quarter. Wealth Alliance’s holdings in BRT Apartments were worth $474,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of BRT Apartments by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock valued at $10,357,000 after purchasing an additional 9,483 shares in the last quarter. Oppenheimer & Close LLC raised its holdings in shares of BRT Apartments by 3.4% in the first quarter. Oppenheimer & Close LLC now owns 347,774 shares of the financial services provider’s stock worth $5,843,000 after acquiring an additional 11,287 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in BRT Apartments by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock valued at $2,758,000 after purchasing an additional 3,552 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of BRT Apartments by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 5,207 shares during the period. Finally, ClariVest Asset Management LLC lifted its stake in shares of BRT Apartments by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,251 shares during the period. Hedge funds and other institutional investors own 29.07% of the company’s stock.

BRT Apartments Trading Down 0.1 %

Shares of BRT stock opened at $18.96 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.14. The stock has a market cap of $353.43 million, a price-to-earnings ratio of 86.18, a price-to-earnings-growth ratio of 2.02 and a beta of 1.07. The firm’s 50 day moving average price is $18.37 and its two-hundred day moving average price is $17.59. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.12.

BRT Apartments (NYSE:BRT) last released its quarterly earnings results on Friday, August 9th. The financial services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.50). The company had revenue of $23.86 million for the quarter, compared to analyst estimates of $23.45 million. BRT Apartments had a negative return on equity of 3.89% and a negative net margin of 9.24%. During the same period last year, the firm posted $0.37 earnings per share. On average, analysts anticipate that BRT Apartments Corp. will post 1.5 EPS for the current year.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Tuesday, September 24th. BRT Apartments’s dividend payout ratio is currently 454.55%.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on shares of BRT Apartments from $20.50 to $21.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

About BRT Apartments

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.