BRT Apartments Corp. (NYSE:BRT) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in BRT Apartments Corp. (NYSE:BRT) by 69.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,690 shares of the financial services provider’s stock after selling 29,455 shares during the quarter. AQR Capital Management LLC’s holdings in BRT Apartments were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in shares of BRT Apartments in the second quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its position in shares of BRT Apartments by 187.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 5,384 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of BRT Apartments by 4.7% in the 2nd quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 680 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of BRT Apartments by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Wealth Alliance raised its position in shares of BRT Apartments by 2.6% during the 2nd quarter. Wealth Alliance now owns 27,146 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 681 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley increased their price target on shares of BRT Apartments from $20.50 to $21.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

BRT Apartments Stock Performance

NYSE BRT opened at $17.54 on Friday. The company has a fifty day moving average of $18.10 and a two-hundred day moving average of $17.81. The company has a market capitalization of $326.96 million, a PE ratio of 79.73, a P/E/G ratio of 2.03 and a beta of 1.06. BRT Apartments Corp. has a 1 year low of $15.21 and a 1 year high of $20.12. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.90 and a quick ratio of 0.90.

BRT Apartments (NYSE:BRT) last announced its earnings results on Friday, August 9th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.50). The firm had revenue of $23.86 million during the quarter, compared to analyst estimates of $23.45 million. BRT Apartments had a negative net margin of 9.24% and a negative return on equity of 3.89%. During the same period last year, the company earned $0.37 earnings per share. As a group, analysts expect that BRT Apartments Corp. will post 1.42 earnings per share for the current year.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.70%. BRT Apartments’s dividend payout ratio (DPR) is 454.55%.

About BRT Apartments

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.