Schnieders Capital Management LLC Sells 1,850 Shares of BRT Apartments Corp. (NYSE:BRT)

Schnieders Capital Management LLC trimmed its holdings in shares of BRT Apartments Corp. (NYSE:BRT) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 31,138 shares of the financial services provider’s stock after selling 1,850 shares during the quarter. Schnieders Capital Management LLC’s holdings in BRT Apartments were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BRT. Silverberg Bernstein Capital Management LLC bought a new stake in shares of BRT Apartments in the fourth quarter valued at about $1,229,000. Capital Square LLC raised its holdings in shares of BRT Apartments by 7.7% in the fourth quarter. Capital Square LLC now owns 27,660 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,973 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of BRT Apartments in the fourth quarter valued at about $263,000. SG Americas Securities LLC bought a new stake in shares of BRT Apartments in the fourth quarter valued at about $123,000. Finally, Bailard Inc. bought a new stake in shares of BRT Apartments in the third quarter valued at about $251,000. 29.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRT shares. JMP Securities decreased their price objective on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. B. Riley started coverage on BRT Apartments in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.50 target price on the stock.

Insider Activity

In other news, SVP Matthew J. Gould purchased 11,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $16.14 per share, for a total transaction of $180,768.00. Following the completion of the purchase, the senior vice president now directly owns 3,547,873 shares of the company’s stock, valued at $57,262,670.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Matthew J. Gould acquired 11,200 shares of BRT Apartments stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of $16.14 per share, for a total transaction of $180,768.00. Following the transaction, the senior vice president now owns 3,547,873 shares of the company’s stock, valued at $57,262,670.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Investors L. P. Gould bought 2,277 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $16.29 per share, for a total transaction of $37,092.33. Following the completion of the acquisition, the insider now directly owns 3,527,936 shares in the company, valued at $57,470,077.44. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 107,349 shares of company stock valued at $1,785,491. 38.30% of the stock is currently owned by company insiders.

BRT Apartments Trading Down 1.7 %

Shares of BRT traded down $0.30 during trading on Wednesday, reaching $17.64. 23,682 shares of the company traded hands, compared to its average volume of 41,824. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.69. The stock has a market cap of $327.75 million, a PE ratio of 99.28, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock has a 50-day simple moving average of $16.42 and a 200-day simple moving average of $17.27. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.01.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s payout ratio is 555.59%.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.