BRT Apartments (NYSE:BRT) Stock Price Passes Above 200 Day Moving Average – What’s Next?

BRT Apartments Corp. (NYSE:BRT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.02 and traded as high as $18.04. BRT Apartments shares last traded at $17.96, with a volume of 27,378 shares traded.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Stock Up 0.2 %

The firm has a market capitalization of $337.72 million, a price-to-earnings ratio of -33.88 and a beta of 1.12. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. The firm has a fifty day moving average price of $17.57 and a 200 day moving average price of $18.03.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments’s payout ratio is currently -188.68%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRT. Noesis Capital Mangement Corp acquired a new position in BRT Apartments during the 3rd quarter worth $176,000. State Street Corp lifted its holdings in BRT Apartments by 0.6% during the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after buying an additional 1,561 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in BRT Apartments during the 3rd quarter worth $1,594,000. Barclays PLC lifted its holdings in BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after buying an additional 10,973 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in BRT Apartments during the 3rd quarter worth $320,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

About BRT Apartments

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.