Barclays PLC Has $258,000 Holdings in BRT Apartments Corp. (NYSE:BRT)

Barclays PLC lifted its holdings in shares of BRT Apartments Corp. (NYSE:BRT) by 295.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,690 shares of the financial services provider’s stock after buying an additional 10,973 shares during the quarter. Barclays PLC’s holdings in BRT Apartments were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BRT. Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments during the 3rd quarter worth approximately $1,594,000. Noesis Capital Mangement Corp bought a new position in BRT Apartments during the 3rd quarter worth approximately $176,000. Bank of New York Mellon Corp boosted its stake in BRT Apartments by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock worth $1,699,000 after acquiring an additional 5,207 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BRT Apartments by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,884 shares of the financial services provider’s stock worth $2,758,000 after acquiring an additional 3,552 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in BRT Apartments in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Stock Performance

Shares of BRT opened at $18.01 on Monday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.22. The firm’s 50 day moving average price is $18.43 and its two-hundred day moving average price is $18.12. The firm has a market cap of $338.70 million, a P/E ratio of -33.98, a PEG ratio of 2.23 and a beta of 1.11.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). The company had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.80 million. BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that BRT Apartments Corp. will post 1.42 EPS for the current fiscal year.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Monday, December 23rd. BRT Apartments’s dividend payout ratio is presently -188.68%.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price target on shares of BRT Apartments from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

BRT Apartments Profile

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.