BRT Apartments (NYSE:BRT) CFO George Zweier Sells 6,801 Shares

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 6,801 shares of BRT Apartments stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $14.74, for a total value of $100,246.74. Following the completion of the sale, the chief financial officer owned 110,440 shares of the company’s stock, valued at $1,627,885.60. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BRT Apartments Stock Down 0.3%

Shares of NYSE:BRT traded down $0.04 on Wednesday, reaching $14.69. The company had a trading volume of 69,820 shares, compared to its average volume of 40,541. BRT Apartments Corp. has a 52-week low of $14.00 and a 52-week high of $19.01. The firm’s 50 day simple moving average is $14.67 and its 200-day simple moving average is $15.25. The firm has a market capitalization of $279.40 million, a PE ratio of -28.80 and a beta of 0.97. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.58.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.8%. BRT Apartments’s dividend payout ratio (DPR) is -196.08%.

Institutional Investors Weigh In On BRT Apartments

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in BRT Apartments by 15.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 5,035 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in BRT Apartments by 25.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 98,813 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 19,828 shares during the last quarter. Permanens Capital L.P. purchased a new position in BRT Apartments during the first quarter worth approximately $402,000. Nuveen LLC acquired a new position in shares of BRT Apartments in the 1st quarter valued at $673,000. Finally, Brookwood Investment Group LLC boosted its holdings in shares of BRT Apartments by 34.7% in the 2nd quarter. Brookwood Investment Group LLC now owns 14,671 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 3,778 shares during the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRT has been the subject of a number of research reports. Wall Street Zen downgraded shares of BRT Apartments from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Citizens Jmp dropped their price target on shares of BRT Apartments from $24.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRT Apartments in a research note on Wednesday, October 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $19.50 target price (down from $21.00) on shares of BRT Apartments in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.75.

BRT Apartments Company Profile

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.