Insider Selling: BRT Apartments Corp. (NYSE:BRT) CFO Sells 2,143 Shares of Stock

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 2,143 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $18.06, for a total transaction of $38,702.58. Following the transaction, the chief financial officer now owns 120,797 shares in the company, valued at $2,181,593.82. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

BRT Apartments Stock Performance

BRT opened at $17.69 on Friday. The firm has a fifty day moving average price of $17.70 and a 200 day moving average price of $17.98. BRT Apartments Corp. has a 1 year low of $15.92 and a 1 year high of $20.22. The stock has a market cap of $334.83 million, a P/E ratio of -33.37 and a beta of 1.11. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94.

BRT Apartments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Thursday, March 27th. BRT Apartments’s payout ratio is currently -188.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BRT shares. B. Riley reduced their price objective on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday. Colliers Securities downgraded BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of BRT. JPMorgan Chase & Co. increased its position in shares of BRT Apartments by 127.2% in the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after buying an additional 12,103 shares in the last quarter. Wealth Alliance increased its holdings in BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 38,475 shares in the last quarter. Barclays PLC raised its position in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 10,973 shares during the period. State Street Corp lifted its holdings in BRT Apartments by 0.6% during 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 in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of BRT Apartments in the third quarter valued at about $1,594,000. 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.