BRT Apartments (NYSE:BRT) Rating Lowered to Neutral at Colliers Securities

Colliers Securities lowered shares of BRT Apartments (NYSE:BRT) from a buy rating to a neutral rating in a research note issued to investors on Thursday, MarketBeat.com reports.

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 report on Tuesday, December 10th.

BRT Apartments Stock Performance

BRT Apartments stock opened at $17.83 on Thursday. The company has a market cap of $335.22 million, a price-to-earnings ratio of -33.63 and a beta of 1.11. BRT Apartments has a 12 month low of $15.47 and a 12 month high of $20.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50-day moving average is $17.59 and its 200-day moving average is $18.02.

BRT Apartments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Thursday, March 27th. BRT Apartments’s dividend payout ratio (DPR) is presently -188.68%.

Institutional Investors Weigh In On BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Albert D Mason Inc. raised its holdings in shares of BRT Apartments by 1.1% during the 4th quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock valued at $1,246,000 after buying an additional 756 shares during the period. Tidal Investments LLC grew its position in BRT Apartments by 5.2% in the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 952 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares during the period. Wells Fargo & Company MN lifted its position in shares of BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,439 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of BRT Apartments by 0.6% in the third quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock valued at $4,356,000 after purchasing an additional 1,561 shares during the period. Hedge funds and other institutional investors own 29.07% of the company’s stock.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.