44,110 Shares in BRT Apartments Corp (BRT) Acquired by Shell Asset Management Co.

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Shell Asset Management Co. acquired a new stake in shares of BRT Apartments Corp (NYSE:BRT) during the 3rd quarter, HoldingsChannel reports. The firm acquired 44,110 shares of the financial services provider’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRT. BlackRock Inc. increased its position in shares of BRT Apartments by 1.7% during the third quarter. BlackRock Inc. now owns 812,994 shares of the financial services provider’s stock worth $9,787,000 after acquiring an additional 13,446 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of BRT Apartments by 41.4% during the second quarter. Renaissance Technologies LLC now owns 501,860 shares of the financial services provider’s stock worth $6,399,000 after acquiring an additional 147,000 shares in the last quarter. Albert D Mason Inc. increased its position in shares of BRT Apartments by 12.6% during the third quarter. Albert D Mason Inc. now owns 129,320 shares of the financial services provider’s stock worth $1,557,000 after acquiring an additional 14,445 shares in the last quarter. Northern Trust Corp increased its position in shares of BRT Apartments by 119.1% during the second quarter. Northern Trust Corp now owns 125,869 shares of the financial services provider’s stock worth $1,605,000 after acquiring an additional 68,420 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of BRT Apartments by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock worth $1,318,000 after acquiring an additional 15,609 shares in the last quarter. Hedge funds and other institutional investors own 32.31% of the company’s stock.

Shares of BRT stock opened at $11.25 on Friday. BRT Apartments Corp has a 52-week low of $10.20 and a 52-week high of $14.20. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $176.18 million, a price-to-earnings ratio of 11.59 and a beta of 0.50.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 21st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Thursday, December 20th. BRT Apartments’s payout ratio is 119.40%.

BRT has been the subject of several recent research reports. Zacks Investment Research downgraded shares of BRT Apartments from a “hold” rating to a “strong sell” rating in a research report on Monday, August 13th. TheStreet downgraded shares of BRT Apartments from a “b-” rating to a “c” rating in a research report on Monday, August 20th. Finally, ValuEngine downgraded shares of BRT Apartments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $15.33.

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BRT Apartments Company Profile

BRT is a real estate investment trust that primarily owns, operates and develops multi-family properties.

Read More: Diversification

Want to see what other hedge funds are holding BRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRT Apartments Corp (NYSE:BRT).

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

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