BRT Apartments (NYSE:BRT) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of BRT Apartments Corp. (NYSE:BRT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.52 and traded as high as $14.83. BRT Apartments shares last traded at $14.6260, with a volume of 30,990 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRT. Wall Street Zen upgraded shares of BRT Apartments from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BRT Apartments in a research note on Wednesday, January 21st. Two 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, the company presently has a consensus rating of “Hold” and a consensus target price of $19.75.

BRT Apartments Price Performance

The firm has a market capitalization of $276.09 million, a price-to-earnings ratio of -23.29 and a beta of 0.87. The company has a fifty day moving average price of $14.19 and a two-hundred day moving average price of $14.52. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.87.

BRT Apartments (NYSE:BRT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. BRT Apartments had a negative return on equity of 6.33% and a negative net margin of 12.31%.The firm had revenue of $24.61 million during the quarter, compared to the consensus estimate of $24.28 million.

BRT Apartments Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.8%. BRT Apartments’s dividend payout ratio (DPR) is -158.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC increased its position in shares of BRT Apartments by 14.9% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 155,725 shares of the financial services provider’s stock valued at $2,077,000 after buying an additional 20,170 shares in the last quarter. Millennium Management LLC purchased a new position in shares of BRT Apartments in the fourth quarter valued at $330,000. Public Employees Retirement System of Ohio purchased a new position in shares of BRT Apartments in the fourth quarter valued at $55,000. Russell Investments Group Ltd. increased its position in shares of BRT Apartments by 107.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,626 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,875 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of BRT Apartments in the fourth quarter valued at $304,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.