Vanguard Group Inc Has $5.05 Million Position in BRT Apartments Corp (BRT)

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 …

BRT Apartments logoVanguard 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 “Investor Relations” section of BRT’s website.

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Institutional Ownership by Quarter for BRT Apartments (NYSE:BRT)

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BRT Apartments Corp (BRT) Holding Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in BRT Apartments Corp (NYSE:BRT) by 35.7% in the third quarter, according to its most recent filing …

Renaissance Technologies LLC lifted its stake in BRT Apartments Corp (NYSE:BRT) by 35.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 681,274 shares of the financial services provider’s stock after purchasing an additional 179,414 shares during the quarter. Renaissance Technologies LLC owned 4.34% of BRT Apartments worth $8,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in BRT Apartments by 1.7% during the 3rd quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock worth $9,787,000 after acquiring an additional 13,446 shares during the period. Albert D Mason Inc. boosted its position 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 worth $1,557,000 after acquiring an additional 14,445 shares during the period. Northern Trust Corp boosted its position 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 worth $1,605,000 after acquiring an additional 68,420 shares during the period. Bank of New York Mellon Corp boosted its position in BRT Apartments by 16.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock worth $1,318,000 after acquiring an additional 15,609 shares during the period. Finally, Ativo Capital Management LLC acquired a new stake in BRT Apartments during the 3rd quarter worth about $1,193,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded BRT Apartments from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine lowered BRT Apartments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BRT Apartments currently has a consensus rating of “Buy” and an average price target of $15.33.

Shares of NYSE BRT opened at $12.09 on Tuesday. BRT Apartments Corp has a one year low of $10.20 and a one year high of $14.20. The stock has a market cap of $187.32 million, a price-to-earnings ratio of 12.46 and a beta of 0.41. 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 (NYSE:BRT) last announced its quarterly earnings data on Monday, December 10th. The financial services provider reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.12. BRT Apartments had a return on equity of 8.40% and a net margin of 19.87%. The firm had revenue of $31.48 million during the quarter, compared to analyst estimates of $31.00 million. Equities analysts expect that BRT Apartments Corp will post 0.87 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 21st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 6.62%. BRT Apartments’s dividend payout ratio is 82.47%.

About BRT Apartments

BRT is a real estate investment trust that primarily owns, operates and develops multi-family properties.

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BRT Apartments Corp (BRT) Receives Consensus Recommendation of “Buy” from Analysts

Renaissance Technologies LLC grew its stake in BRT Apartments by 44.1% in the 4th quarter. Renaissance Technologies LLC now owns 198,940 shares of the financial services provider’s stock valued at $2,346,000 after acquiring an additional 60,880 shares during the period. Bank of New York …

BRT Apartments Corp (NYSE:BRT) has received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.08.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, December 19th. B. Riley set a $14.00 target price on shares of BRT Apartments and gave the company a “buy” rating in a report on Friday, February 16th. Finally, ValuEngine raised shares of BRT Apartments from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

A number of institutional investors have recently added to or reduced their stakes in BRT. Oppenheimer & Close LLC grew its stake in BRT Apartments by 38.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after acquiring an additional 71,924 shares during the period. Renaissance Technologies LLC grew its stake in BRT Apartments by 44.1% in the 4th quarter. Renaissance Technologies LLC now owns 198,940 shares of the financial services provider’s stock valued at $2,346,000 after acquiring an additional 60,880 shares during the period. Bank of New York Mellon Corp grew its stake in BRT Apartments by 151.8% in the 4th quarter. Bank of New York Mellon Corp now owns 68,206 shares of the financial services provider’s stock valued at $804,000 after acquiring an additional 41,120 shares during the period. Deutsche Bank AG grew its stake in BRT Apartments by 122.9% in the 4th quarter. Deutsche Bank AG now owns 33,539 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 18,494 shares during the period. Finally, Monashee Investment Management LLC acquired a new stake in BRT Apartments in the 4th quarter valued at $170,000. 20.50% of the stock is currently owned by hedge funds and other institutional investors.

BRT Apartments (NYSE:BRT) traded down $0.03 during trading hours on Tuesday, hitting $10.33. 14,904 shares of the stock traded hands, compared to its average volume of 54,264. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $146.02, a price-to-earnings ratio of 34.43 and a beta of 0.57. BRT Apartments has a 52-week low of $7.36 and a 52-week high of $13.99.

BRT Apartments (NYSE:BRT) last posted its earnings results on Thursday, December 14th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.22. The firm had revenue of $28.39 million during the quarter, compared to analyst estimates of $26.99 million. BRT Apartments had a net margin of 3.85% and a return on equity of 1.80%. equities research analysts forecast that BRT Apartments will post 0.84 EPS for the current year.

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BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust (REIT). The Trust is focused on the ownership, operation and development of multi-family properties. These activities are primarily conducted through joint ventures in which the Trust has an equity interest in the entity owning the property. The Trust’s segments include Multi-Family Real Estate and Other Assets.

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