BRT Apartments (NYSE:BRT) Coverage Initiated by Analysts at National Securities

National Securities started coverage on shares of BRT Apartments (NYSE:BRT) in a report published on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on BRT. DA Davidson began coverage on BRT Apartments in a report on Thursday, March 28th. They set a buy rating and a $16.00 price objective on the stock. Zacks Investment Research cut IQIYI from a hold rating to a sell rating in a report on Friday, March 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $14.75.

Shares of BRT traded up $0.10 during mid-day trading on Wednesday, hitting $13.69. 1,866 shares of the company’s stock were exchanged, compared to its average volume of 23,760. The firm has a market capitalization of $216.22 million, a P/E ratio of 14.11 and a beta of 0.74. BRT Apartments has a 52 week low of $10.91 and a 52 week high of $14.35. The stock has a 50-day moving average of $13.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.48 and a current ratio of 1.48.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Monday, June 24th. BRT Apartments’s payout ratio is 82.47%.

Large investors have recently made changes to their positions in the business. LSV Asset Management grew its holdings in shares of BRT Apartments by 18.7% in the first quarter. LSV Asset Management now owns 7,119 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,119 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of BRT Apartments by 534.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,137 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,800 shares during the last quarter. First Trust Advisors LP raised its holdings in BRT Apartments by 17.3% during the fourth quarter. First Trust Advisors LP now owns 17,773 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 2,615 shares in the last quarter. Albert D Mason Inc. raised its holdings in BRT Apartments by 2.6% during the first quarter. Albert D Mason Inc. now owns 128,735 shares of the financial services provider’s stock worth $1,787,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in BRT Apartments by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 259,746 shares of the financial services provider’s stock worth $2,971,000 after purchasing an additional 5,749 shares in the last quarter. Institutional investors and hedge funds own 31.39% of the company’s stock.

About BRT Apartments

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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