Shell Asset Management Co. bought a new position in shares of BRT Apartments Corp (NYSE:BRT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,110 shares of the financial services provider’s stock, valued at approximately $531,000. Shell Asset Management Co. owned about 0.28% of BRT Apartments as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRT. Millennium Management LLC acquired a new position in shares of BRT Apartments during the first quarter worth $790,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of BRT Apartments during the second quarter worth $360,000. Acadian Asset Management LLC lifted its holdings in shares of BRT Apartments by 13.6% during the second quarter. Acadian Asset Management LLC now owns 64,774 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 7,742 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BRT Apartments by 28.7% during the second quarter. Bank of New York Mellon Corp now owns 93,835 shares of the financial services provider’s stock worth $1,196,000 after purchasing an additional 20,949 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of BRT Apartments during the second quarter worth $197,000. 32.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on BRT. TheStreet lowered shares of BRT Apartments from a “b-” rating to a “c” rating in a report on Monday, August 20th. Zacks Investment Research lowered shares of BRT Apartments from a “hold” rating to a “strong sell” rating in a report on Monday, August 13th. Finally, ValuEngine lowered shares of BRT Apartments from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $15.33.

Shares of NYSE:BRT opened at $11.25 on Friday. The firm has a market cap of $176.18 million, a PE ratio of 11.59 and a beta of 0.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.72. BRT Apartments Corp has a 52 week low of $10.20 and a 52 week high of $14.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 21st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.80 annualized dividend and a yield of 7.11%. BRT Apartments’s payout ratio is 119.40%.

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BRT Apartments Company Profile

BRT is a real estate investment trust that primarily owns, operates and develops multi-family properties.

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

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