BRT Apartments Corp. (NYSE:BRT) Shares Bought by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp grew its holdings in BRT Apartments Corp. (NYSE:BRT) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,000 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Noesis Capital Mangement Corp’s holdings in BRT Apartments were worth $270,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. State Street Corp boosted its stake in BRT Apartments by 0.6% in the 3rd quarter. State Street Corp now owns 244,355 shares of the financial services provider’s stock worth $4,356,000 after purchasing an additional 1,561 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of BRT Apartments in the third quarter worth $1,594,000. Albert D Mason Inc. raised its holdings in shares of BRT Apartments by 1.1% in the fourth quarter. Albert D Mason Inc. now owns 69,119 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 756 shares during the last quarter. Wealth Alliance lifted its stake in shares of BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 38,475 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of BRT Apartments by 127.2% during the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after buying an additional 12,103 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley raised 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 Trading Up 0.2 %

BRT Apartments stock opened at $17.96 on Friday. The stock has a 50-day moving average price of $17.57 and a 200 day moving average price of $18.02. The company has a market capitalization of $337.72 million, a price-to-earnings ratio of -33.88 and a beta of 1.12. BRT Apartments Corp. has a 52 week low of $15.21 and a 52 week high of $20.22. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Monday, December 23rd. BRT Apartments’s payout ratio is -188.68%.

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.