Colliers Securities lowered shares of BRT Apartments (NYSE:BRT – Free Report) from a buy rating to a neutral rating in a report released on Thursday, MarketBeat.com reports.
Separately, B. Riley increased their price target on BRT Apartments from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.
Check Out Our Latest Stock Report on BRT Apartments
BRT Apartments Stock Down 1.5 %
BRT Apartments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Thursday, March 27th. BRT Apartments’s dividend payout ratio is currently -188.68%.
Institutional Investors Weigh In On BRT Apartments
A number of institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after buying an additional 991 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of BRT Apartments during the 4th quarter worth approximately $77,000. Wells Fargo & Company MN raised its stake in BRT Apartments by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 1,439 shares during the period. Noesis Capital Mangement Corp acquired a new stake in BRT Apartments during the 3rd quarter valued at $176,000. Finally, Barclays PLC boosted its position in BRT Apartments by 295.2% during the third quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 10,973 shares during the period. 29.07% of the stock is owned by institutional investors.
BRT Apartments Company 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.
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