Colony Group LLC acquired a new stake in BRT Apartments Corp (NYSE:BRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 29,833 shares of the financial services provider’s stock, valued at approximately $341,000. Colony Group LLC owned 0.19% of BRT Apartments at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in BRT. Renaissance Technologies LLC lifted its stake in shares of BRT Apartments by 35.7% during the 3rd quarter. Renaissance Technologies LLC now owns 681,274 shares of the financial services provider’s stock worth $8,203,000 after buying an additional 179,414 shares during the last quarter. Ativo Capital Management LLC acquired a new stake in shares of BRT Apartments during the 3rd quarter worth about $1,193,000. Vanguard Group Inc lifted its stake in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc now owns 419,502 shares of the financial services provider’s stock worth $5,051,000 after buying an additional 87,390 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc. now owns 419,502 shares of the financial services provider’s stock worth $5,051,000 after buying an additional 87,390 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of 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 buying an additional 68,420 shares during the last quarter. 30.48% of the stock is owned by institutional investors.
Shares of BRT Apartments stock opened at $13.80 on Wednesday. BRT Apartments Corp has a twelve month low of $10.91 and a twelve month high of $14.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $216.23 million, a price-to-earnings ratio of 14.77 and a beta of 0.60.
BRT Apartments (NYSE:BRT) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.63. BRT Apartments had a net margin of 20.77% and a return on equity of 8.64%. The business had revenue of $31.44 million during the quarter, compared to analysts’ expectations of $31.61 million. As a group, equities research analysts expect that BRT Apartments Corp will post 0.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Tuesday, March 26th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.80%. The ex-dividend date is Monday, March 25th. BRT Apartments’s dividend payout ratio (DPR) is 82.47%.
A number of analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of BRT Apartments in a research note on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 target price for the company. Zacks Investment Research cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, B. Riley restated 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $15.17.
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BRT Apartments Company 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-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company’s website.
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