Boston Partners Sells 1,412 Shares of BRT Apartments Corp. (NYSE:BRT)

Boston Partners reduced its position in shares of BRT Apartments Corp. (NYSE:BRT) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,538 shares of the financial services provider’s stock after selling 1,412 shares during the period. Boston Partners’ holdings in BRT Apartments were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of BRT Apartments in the fourth quarter valued at approximately $795,000. Noesis Capital Mangement Corp raised its position in BRT Apartments by 50.0% in the 4th quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 5,000 shares during the last quarter. Wealth Alliance boosted its stake in BRT Apartments by 141.7% in the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 38,475 shares in the last quarter. Albert D Mason Inc. grew its holdings in shares of BRT Apartments by 1.1% during the fourth quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock worth $1,246,000 after purchasing an additional 756 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of BRT Apartments by 127.2% in the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after buying an additional 12,103 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on BRT shares. Colliers Securities downgraded shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. B. Riley upped their target price on shares of BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

BRT Apartments Trading Down 0.1 %

Shares of BRT opened at $18.17 on Friday. The stock’s fifty day simple moving average is $17.65 and its 200-day simple moving average is $17.99. The firm has a market capitalization of $343.86 million, a PE ratio of -34.27 and a beta of 1.11. BRT Apartments Corp. has a 12-month low of $15.81 and a 12-month high of $20.22. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 5.51%. BRT Apartments’s payout ratio is presently -188.68%.

BRT Apartments 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.