BRT Apartments (NYSE:BRT) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of BRT Apartments Corp. (NYSE:BRT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.04 and traded as high as $18.25. BRT Apartments shares last traded at $17.68, with a volume of 10,978 shares traded.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their target price on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

BRT Apartments Stock Down 1.3 %

The firm has a 50 day moving average of $17.74 and a two-hundred day moving average of $18.03. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.66%. The ex-dividend date was Monday, December 23rd. BRT Apartments’s payout ratio is currently -188.68%.

Hedge Funds Weigh In On BRT Apartments

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after buying an additional 991 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in BRT Apartments during the 4th quarter valued at $77,000. Wells Fargo & Company MN grew its holdings in BRT Apartments by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,439 shares during the last quarter. Noesis Capital Mangement Corp acquired a new stake in BRT Apartments during the 3rd quarter valued at $176,000. Finally, Barclays PLC grew its holdings in BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock valued at $258,000 after buying an additional 10,973 shares during the last quarter. 29.07% of the stock is owned by hedge funds and other 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.