Martingale Asset Management L P reduced its position in BRT Apartments Corp (NYSE:BRT) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,106 shares of the financial services provider’s stock after selling 28,014 shares during the period. Martingale Asset Management L P owned about 0.10% of BRT Apartments worth $185,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in BRT Apartments by 3,926.5% in the second quarter. Bank of America Corp DE now owns 29,313 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 28,585 shares in the last quarter. Northern Trust Corp grew its stake in BRT Apartments by 119.1% in the second quarter. Northern Trust Corp now owns 125,869 shares of the financial services provider’s stock worth $1,605,000 after purchasing an additional 68,420 shares in the last quarter. First Trust Advisors LP bought a new position in BRT Apartments in the third quarter worth approximately $183,000. Bank of New York Mellon Corp grew its stake in BRT Apartments by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock worth $1,318,000 after purchasing an additional 15,609 shares in the last quarter. Finally, BlackRock Inc. grew its stake in BRT Apartments by 1.7% in the third quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock worth $9,787,000 after purchasing an additional 13,446 shares in the last quarter. 30.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BRT opened at $13.66 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.79. The firm has a market cap of $214.96 million, a price-to-earnings ratio of 14.08 and a beta of 0.60. BRT Apartments Corp has a 12-month low of $10.91 and a 12-month high of $14.20.

BRT Apartments (NYSE:BRT) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.63. The business had revenue of $31.44 million for the quarter, compared to analysts’ expectations of $31.61 million. BRT Apartments had a return on equity of 8.64% and a net margin of 20.77%. As a group, equities research analysts expect that BRT Apartments Corp will post 0.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Tuesday, March 26th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 25th. This represents a $0.80 annualized dividend and a yield of 5.86%. BRT Apartments’s dividend payout ratio (DPR) is presently 82.47%.

BRT has been the topic of several recent research reports. Zacks Investment Research cut BRT Apartments from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Compass Point initiated coverage on BRT Apartments in a research report on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 target price on the stock. Finally, B. Riley reaffirmed a “buy” rating on shares of BRT Apartments in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.17.

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BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and develops multi-family properties. Interested parties are urged to review the Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2018 and the supplemental disclosures regarding the quarter on the investor relations section of the Company's website.

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Institutional Ownership by Quarter for BRT Apartments (NYSE:BRT)

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