BRT Apartments (NYSE:BRT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of BRT Apartments Corp. (NYSE:BRT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.02 and traded as high as $18.04. BRT Apartments shares last traded at $17.96, with a volume of 27,378 shares traded.

Wall Street Analysts Forecast Growth

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

BRT Apartments Stock Up 0.2 %

The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The company has a fifty day moving average price of $17.57 and a 200-day moving average price of $18.02. The stock has a market capitalization of $337.72 million, a P/E ratio of -33.88 and a beta of 1.12.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a $0.25 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.00 annualized dividend and a yield of 5.57%. BRT Apartments’s dividend payout ratio is currently -188.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Albert D Mason Inc. grew its position in BRT Apartments by 1.1% in the fourth quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock worth $1,246,000 after acquiring an additional 756 shares in the last quarter. 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 worth $346,000 after acquiring an additional 952 shares in the last quarter. Tower Research Capital LLC TRC grew its position in BRT Apartments by 131.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 991 shares in the last quarter. Wells Fargo & Company MN grew its position in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,439 shares in the last quarter. Finally, State Street Corp grew its position in BRT Apartments by 0.6% in the third quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after acquiring an additional 1,561 shares in the last quarter. 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.