First Trust Advisors LP Raises Stock Position in BRT Apartments Corp (NYSE:BRT)

First Trust Advisors LP boosted its stake in shares of BRT Apartments Corp (NYSE:BRT) by 32.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,188 shares of the financial services provider’s stock after acquiring an additional 5,881 shares during the period. First Trust Advisors LP’s holdings in BRT Apartments were worth $353,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BRT. Vanguard Group Inc. lifted its holdings in BRT Apartments by 8.9% during the second quarter. Vanguard Group Inc. now owns 467,359 shares of the financial services provider’s stock valued at $6,604,000 after purchasing an additional 38,256 shares in the last quarter. BlackRock Inc. lifted its stake in BRT Apartments by 2.4% in the 2nd quarter. BlackRock Inc. now owns 913,362 shares of the financial services provider’s stock valued at $12,907,000 after buying an additional 21,067 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in BRT Apartments in the 3rd quarter worth about $208,000. SG Americas Securities LLC acquired a new stake in BRT Apartments in the 2nd quarter worth about $171,000. Finally, Panagora Asset Management Inc. increased its stake in BRT Apartments by 9.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 120,807 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 10,901 shares in the last quarter. Institutional investors own 31.53% of the company’s stock.

Shares of BRT stock opened at $18.25 on Friday. The stock’s fifty day moving average is $17.13 and its two-hundred day moving average is $14.68. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $295.27 million, a P/E ratio of 18.81 and a beta of 0.82. BRT Apartments Corp has a fifty-two week low of $10.91 and a fifty-two week high of $18.75.

BRT Apartments (NYSE:BRT) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). BRT Apartments had a return on equity of 0.99% and a net margin of 2.15%. The business had revenue of $34.04 million for the quarter, compared to analyst estimates of $32.66 million. On average, equities analysts forecast that BRT Apartments Corp will post 0.74 earnings per share for the current year.

Separately, Zacks Investment Research cut BRT Apartments from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.17.

BRT Apartments Company Profile

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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Institutional Ownership by Quarter for BRT Apartments (NYSE:BRT)

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