Root Financial Partners LLC Buys Shares of 51,890 BRT Apartments Corp. $BRT

Root Financial Partners LLC bought a new stake in BRT Apartments Corp. (NYSE:BRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,890 shares of the financial services provider’s stock, valued at approximately $763,000. Root Financial Partners LLC owned 0.27% of BRT Apartments at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of BRT Apartments by 725.9% during the third quarter. Russell Investments Group Ltd. now owns 1,751 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,539 shares during the period. Osaic Holdings Inc. grew its stake in BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 955 shares in the last quarter. Strs Ohio bought a new position in shares of BRT Apartments during the 1st quarter worth approximately $39,000. BNP Paribas Financial Markets boosted its stake in shares of BRT Apartments by 388.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 2,497 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of BRT Apartments by 328.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,236 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,480 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BRT shares. Citigroup restated a “market outperform” rating on shares of BRT Apartments in a research note on Friday. Weiss Ratings upgraded BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BRT Apartments has an average rating of “Moderate Buy” and an average target price of $19.75.

BRT Apartments Stock Down 0.2%

Shares of BRT Apartments stock opened at $14.35 on Wednesday. BRT Apartments Corp. has a one year low of $13.18 and a one year high of $16.69. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.14 and a quick ratio of 2.14. The stock’s 50-day moving average is $14.19 and its 200 day moving average is $14.48. The firm has a market cap of $270.00 million, a price-to-earnings ratio of -22.07 and a beta of 0.86.

BRT Apartments (NYSE:BRT) last announced its earnings results on Thursday, May 7th. The financial services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.The company had revenue of $24.61 million for the quarter, compared to analyst estimates of $24.28 million.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were issued a $0.25 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.00 annualized dividend and a yield of 7.0%. BRT Apartments’s dividend payout ratio is presently -153.85%.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.