BRT Apartments Corp. (NYSE:BRT) Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its holdings in BRT Apartments Corp. (NYSE:BRT) by 1.1% during the third quarter, Holdings Channel.com reports. The fund owned 119,652 shares of the financial services provider’s stock after selling 1,300 shares during the period. Bard Associates Inc.’s holdings in BRT Apartments were worth $2,133,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 5,384 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in BRT Apartments by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock worth $344,000 after buying an additional 1,726 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BRT Apartments by 1.6% in the first quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock valued at $10,357,000 after acquiring an additional 9,483 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of BRT Apartments by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider’s stock valued at $782,000 after acquiring an additional 1,251 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in BRT Apartments by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 97,281 shares of the financial services provider’s stock worth $1,699,000 after purchasing an additional 5,207 shares in the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

BRT Apartments Trading Down 0.6 %

Shares of BRT stock opened at $18.46 on Friday. BRT Apartments Corp. has a one year low of $15.21 and a one year high of $20.12. The company has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.84. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments (NYSE:BRT) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.47). BRT Apartments had a negative net margin of 9.94% and a negative return on equity of 4.33%. The business had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.80 million. During the same period last year, the firm earned $0.41 earnings per share. Analysts forecast that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Tuesday, September 24th. BRT Apartments’s dividend payout ratio is presently -188.68%.

BRT Apartments Company Profile

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.