BRT Apartments (BRT) Sets New 52-Week High at $13.33
BRT Apartments Corp (NYSE:BRT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.33 and last traded at $13.07, with a volume of 114300 shares. The stock had previously closed at $13.06.
Several equities research analysts have recently commented on BRT shares. B. Riley reiterated a “buy” rating and set a $12.50 price objective on shares of BRT Apartments in a research note on Tuesday, December 19th. FBR & Co started coverage on shares of BRT Apartments in a research note on Thursday, October 26th. They set a “buy” rating and a $11.75 price objective for the company. Zacks Investment Research upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, December 19th. Janney Montgomery Scott started coverage on shares of BRT Apartments in a research note on Friday, September 29th. They set a “neutral” rating and a $10.50 price objective for the company. Finally, TheStreet upgraded shares of BRT Apartments from a “d+” rating to a “c-” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.19.
The company has a market capitalization of $185.94, a PE ratio of 13.57 and a beta of 0.22. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.08 and a current ratio of 1.08.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were given a dividend of $0.18 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.72 dividend on an annualized basis and a yield of 5.41%. BRT Apartments’s dividend payout ratio is presently 73.47%.
A number of hedge funds and other institutional investors have recently bought and sold shares of BRT. Northern Trust Corp lifted its position in BRT Apartments by 2.2% during the second quarter. Northern Trust Corp now owns 54,555 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,200 shares during the period. Oppenheimer & Close LLC lifted its position in BRT Apartments by 38.4% during the third quarter. Oppenheimer & Close LLC now owns 259,116 shares of the financial services provider’s stock valued at $2,777,000 after purchasing an additional 71,924 shares during the period. Stifel Financial Corp acquired a new position in BRT Apartments during the third quarter valued at $108,000. Finally, B. Riley Financial Inc. lifted its position in BRT Apartments by 6.2% during the third quarter. B. Riley Financial Inc. now owns 87,631 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 5,119 shares during the period. Institutional investors own 22.06% of the company’s stock.
About BRT Apartments
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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