96,580 Shares in BRT Apartments Corp. $BRT Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in BRT Apartments Corp. (NYSE:BRT) during the 3rd quarter, Holdings Channel reports. The fund purchased 96,580 shares of the financial services provider’s stock, valued at approximately $1,290,000.

Several other institutional investors and hedge funds have also modified their holdings of BRT. BlackRock Inc. purchased a new position in BRT Apartments during the second quarter valued at $16,311,000. Bank of New York Mellon Corp purchased a new stake in BRT Apartments in the second quarter worth about $1,336,000. Root Financial Partners LLC increased its position in BRT Apartments by 82.4% in the third quarter. Root Financial Partners LLC now owns 94,694 shares of the financial services provider’s stock worth $1,265,000 after buying an additional 42,773 shares in the last quarter. Wedbush Securities Inc. increased its position in BRT Apartments by 20.6% in the third quarter. Wedbush Securities Inc. now owns 25,167 shares of the financial services provider’s stock worth $336,000 after buying an additional 4,306 shares in the last quarter. Finally, Odyssean LLC bought a new position in shares of BRT Apartments in the second quarter worth about $207,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Insider Activity

In related news, Director Alan Ginsburg sold 50,129 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $13.43, for a total transaction of $673,232.47. Following the completion of the sale, the director owned 24,800 shares in the company, valued at approximately $333,064. This trade represents a 66.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

BRT Apartments Trading Down 0.9%

Shares of BRT Apartments stock opened at $12.63 on Friday. BRT Apartments Corp. has a fifty-two week low of $12.51 and a fifty-two week high of $15.63. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $237.41 million, a P/E ratio of -15.99 and a beta of 0.87. The company has a fifty day moving average of $13.61 and a 200 day moving average of $14.32.

BRT Apartments (NYSE:BRT) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). BRT Apartments had a negative net margin of 14.45% and a negative return on equity of 8.39%. The business had revenue of $24.73 million for the quarter, compared to the consensus estimate of $24.61 million. On average, sell-side analysts anticipate that BRT Apartments Corp. will post 1.46 earnings per share for the current fiscal year.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 28th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 28th. This represents a $1.00 annualized dividend and a dividend yield of 7.9%. BRT Apartments’s dividend payout ratio (DPR) is currently -142.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BRT. Citizens Jmp reaffirmed a “market outperform” rating and set a $20.00 price objective on shares of BRT Apartments in a research report on Thursday, August 20th. Zacks Research raised shares of BRT Apartments to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut shares of BRT Apartments from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research note on Thursday, August 20th. Two research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust (REIT) that owns, operates and invests in multifamily apartment communities. The company’s portfolio is focused primarily on garden-style and other conventional residential properties, generating rental income from apartments and related services.

BRT typically invests through direct ownership and joint ventures, and its properties are concentrated largely in the Southeastern United States, with additional exposure to selected markets in other regions.