Vanguard Group Inc increased its stake in BRT Apartments Corp (NYSE:BRT) by 26.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,502 shares of the financial services provider’s stock after purchasing an additional 87,390 shares during the quarter. Vanguard Group Inc owned approximately 2.66% of BRT Apartments worth $5,051,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BRT. Albert D Mason Inc. grew its stake in BRT Apartments by 12.6% during the 3rd quarter. Albert D Mason Inc. now owns 129,320 shares of the financial services provider’s stock valued at $1,557,000 after acquiring an additional 14,445 shares in the last quarter. Northern Trust Corp grew its stake in BRT Apartments by 119.1% during the 2nd quarter. Northern Trust Corp now owns 125,869 shares of the financial services provider’s stock valued at $1,605,000 after acquiring an additional 68,420 shares in the last quarter. First Trust Advisors LP purchased a new position in BRT Apartments during the 3rd quarter valued at about $183,000. Panagora Asset Management Inc. purchased a new position in BRT Apartments during the 3rd quarter valued at about $742,000. Finally, Shell Asset Management Co. purchased a new position in BRT Apartments during the 3rd quarter valued at about $531,000. 31.37% of the stock is currently owned by hedge funds and other institutional investors.
BRT has been the topic of several research analyst reports. Zacks Investment Research cut BRT Apartments from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Compass Point initiated coverage on BRT Apartments in a research note on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 target price on the stock. Finally, B. Riley reaffirmed a “buy” rating on shares of BRT Apartments in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.88.
NYSE:BRT traded up $0.05 on Tuesday, hitting $13.20. 3 shares of the company’s stock traded hands, compared to its average volume of 30,171. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.42 and a quick ratio of 1.42. BRT Apartments Corp has a 1 year low of $10.20 and a 1 year high of $14.20. The stock has a market cap of $207.47 million, a PE ratio of 13.56 and a beta of 0.56.
BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.63. The business had revenue of $31.44 million during the quarter, compared to analyst estimates of $31.61 million. BRT Apartments had a return on equity of 8.60% and a net margin of 20.77%. On average, equities research analysts anticipate that BRT Apartments Corp will post 0.86 earnings per share for the current year.
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BRT Apartments Profile
BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-K filed with the Securities and Exchange Commission for the year ended September 30, 2018 for further details. The Form 10-K can also be linked through the ÂInvestor RelationsÂ section of BRT’s website.
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