BRT Apartments (NYSE:BRT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

BRT Apartments Corp. (NYSE:BRT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.02 and traded as high as $18.04. BRT Apartments shares last traded at $17.96, with a volume of 27,378 shares trading hands.

Analysts Set New Price Targets

Separately, B. Riley upped their target price on shares of BRT Apartments from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

BRT Apartments Stock Up 0.2 %

The firm’s 50-day simple moving average is $17.57 and its 200 day simple moving average is $18.03. The company has a market cap of $337.72 million, a P/E ratio of -33.88 and a beta of 1.12. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94.

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Monday, December 23rd. BRT Apartments’s dividend payout ratio is currently -188.68%.

Institutional Trading of BRT Apartments

A number of large investors have recently made changes to their positions in BRT. Tower Research Capital LLC TRC increased its position in shares of BRT Apartments by 131.4% in 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 in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of BRT Apartments in the 4th quarter valued at $77,000. Wells Fargo & Company MN increased its position in shares of 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 buying an additional 1,439 shares in the last quarter. Noesis Capital Mangement Corp bought a new stake in shares of BRT Apartments in the 3rd quarter valued at $176,000. Finally, Barclays PLC increased its position in shares of BRT Apartments by 295.2% in 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 in the last quarter. Institutional investors own 29.07% of the company’s stock.

About BRT Apartments

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.