BRT Apartments (NYSE:BRT) Lowered to “Sell” Rating by StockNews.com

BRT Apartments (NYSE:BRT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

BRT has been the topic of several other research reports. B. Riley decreased their price target on BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

BRT Apartments Price Performance

Shares of BRT stock traded down $0.37 during trading hours on Tuesday, reaching $16.64. 85,445 shares of the company were exchanged, compared to its average volume of 32,787. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $314.90 million, a price-to-earnings ratio of -31.39 and a beta of 1.11. The stock’s fifty day moving average is $17.67 and its two-hundred day moving average is $17.94. BRT Apartments has a fifty-two week low of $15.92 and a fifty-two week high of $20.25.

Insider Buying and Selling

In other news, CFO George Zweier sold 2,143 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total value of $38,702.58. Following the sale, the chief financial officer now directly owns 120,797 shares in the company, valued at $2,181,593.82. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 40.20% of the company’s stock.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 991 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in BRT Apartments in the fourth quarter valued at $77,000. Wells Fargo & Company MN grew its position in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,439 shares in the last quarter. Barclays PLC lifted its position in BRT Apartments by 295.2% during the 3rd quarter. Barclays PLC now owns 14,690 shares of the financial services provider’s stock worth $258,000 after buying an additional 10,973 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its stake in shares of BRT Apartments by 50.0% during the 4th quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock worth $270,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds 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.