George Zweier Sells 2,143 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) CFO George Zweier sold 2,143 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the transaction, the chief financial officer now owns 120,797 shares of the company’s stock, valued at approximately $2,181,593.82. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BRT Apartments Stock Performance

BRT stock traded down $0.31 during midday trading on Thursday, reaching $17.69. The stock had a trading volume of 25,746 shares, compared to its average volume of 31,439. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a fifty day simple moving average of $17.70 and a two-hundred day simple moving average of $17.98. The stock has a market cap of $334.83 million, a PE ratio of -33.37 and a beta of 1.11. BRT Apartments Corp. has a 52-week low of $15.92 and a 52-week high of $20.22.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.00 annualized dividend and a yield of 5.65%. BRT Apartments’s dividend payout ratio (DPR) is presently -188.68%.

Institutional Trading of BRT Apartments

Several institutional investors and hedge funds have recently bought and sold shares of BRT. Tidal Investments LLC raised its holdings in shares of BRT Apartments by 5.2% during the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 952 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of BRT Apartments by 26.1% in the fourth quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider’s stock worth $317,000 after buying an additional 3,638 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 991 shares during the period. Barclays PLC lifted its holdings in BRT Apartments by 15.4% in the fourth quarter. Barclays PLC now owns 16,953 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 2,263 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of BRT Apartments in the 4th quarter valued at $795,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th. B. Riley lowered their price target on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.