BRT Apartments (NYSE:BRT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of BRT Apartments Corp. (NYSE:BRT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.02 and traded as high as $18.04. BRT Apartments shares last traded at $17.96, with a volume of 27,378 shares traded.

Analysts Set New Price Targets

Separately, B. Riley upped their target price on BRT Apartments from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.

BRT Apartments Price Performance

The firm has a 50 day moving average of $17.57 and a two-hundred day moving average of $18.02. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. The company has a market cap of $337.72 million, a PE ratio of -33.88 and a beta of 1.12.

BRT Apartments Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.00 annualized dividend and a yield of 5.57%. BRT Apartments’s dividend payout ratio is -188.68%.

Institutional Trading of BRT Apartments

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of BRT Apartments by 62.7% in the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock worth $20,068,000 after buying an additional 429,046 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in BRT Apartments during the third quarter valued at about $1,594,000. Raymond James Financial Inc. bought a new stake in BRT Apartments during the fourth quarter valued at about $795,000. Wealth Alliance raised its holdings in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 38,475 shares during the period. Finally, Tidal Investments LLC bought a new stake in BRT Apartments during the third quarter valued at about $320,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

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.