Martingale Asset Management L P decreased its position in BRT Apartments Corp (NYSE:BRT) by 63.5% in the fourth quarter, Holdings Channel reports. The fund owned 16,106 shares of the financial services provider’s stock after selling 28,014 shares during the period. Martingale Asset Management L P’s holdings in BRT Apartments were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BRT. BlackRock Inc. raised its stake in shares of BRT Apartments by 5.3% during the 4th quarter. BlackRock Inc. now owns 856,362 shares of the financial services provider’s stock valued at $9,798,000 after buying an additional 43,368 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of BRT Apartments by 35.7% during the 3rd quarter. Renaissance Technologies LLC now owns 681,274 shares of the financial services provider’s stock valued at $8,203,000 after buying an additional 179,414 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc. now owns 419,502 shares of the financial services provider’s stock valued at $5,051,000 after buying an additional 87,390 shares during the last quarter. Vanguard Group Inc raised its stake in shares of BRT Apartments by 26.3% during the 3rd quarter. Vanguard Group Inc now owns 419,502 shares of the financial services provider’s stock valued at $5,051,000 after buying an additional 87,390 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of BRT Apartments by 25.8% during the 4th quarter. Bank of New York Mellon Corp now owns 137,719 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 28,275 shares during the last quarter. Institutional investors own 30.48% of the company’s stock.

NYSE:BRT opened at $13.66 on Friday. BRT Apartments Corp has a 52 week low of $10.91 and a 52 week high of $14.20. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $214.96 million, a PE ratio of 14.08 and a beta of 0.60.

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

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

BRT has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating on shares of BRT Apartments in a research note on Tuesday, January 15th. Zacks Investment Research lowered BRT Apartments from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, Compass Point assumed coverage on BRT Apartments in a research note on Tuesday, January 22nd. They set a “neutral” rating and a $13.50 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently 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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