BRT Apartments (NYSE:BRT) Downgraded by StockNews.com to Sell

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

A number of other equities analysts have also recently commented on BRT. B. Riley reduced their price target on BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Colliers Securities downgraded BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

BRT Apartments Stock Performance

NYSE BRT traded down $0.37 on Tuesday, hitting $16.64. 85,445 shares of the stock were exchanged, compared to its average volume of 32,787. The business’s fifty day moving average is $17.67 and its 200 day moving average is $17.94. BRT Apartments has a 52 week low of $15.92 and a 52 week high of $20.25. The company has a market capitalization of $314.90 million, a PE ratio of -31.39 and a beta of 1.11. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94.

Insider Buying and Selling

In related news, CFO George Zweier sold 2,143 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $18.06, for a total transaction of $38,702.58. Following the completion of the transaction, the chief financial officer now directly owns 120,797 shares of the company’s stock, valued at $2,181,593.82. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 40.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BRT Apartments

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in BRT Apartments by 131.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 991 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of BRT Apartments in the 4th quarter worth approximately $77,000. Wells Fargo & Company MN increased its position in shares of BRT Apartments by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,439 shares during the period. Barclays PLC raised its stake in BRT Apartments by 295.2% during the third 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 during the last quarter. Finally, Noesis Capital Mangement Corp lifted its holdings in BRT Apartments by 50.0% in the fourth quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider’s stock valued at $270,000 after buying an additional 5,000 shares during the period. 29.07% of the stock is currently owned by institutional investors.

BRT Apartments Company Profile

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.