BRT Apartments (NYSE:BRT) Given New $20.00 Price Target at Citizens Jmp

BRT Apartments (NYSE:BRT) had its price objective decreased by equities researchers at Citizens Jmp from $24.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price objective indicates a potential upside of 40.06% from the stock’s current price.

BRT has been the subject of a number of other reports. Weiss Ratings restated a “sell (d+)” rating on shares of BRT Apartments in a research report on Wednesday, October 8th. B. Riley restated a “buy” rating and set a $19.50 price target (down previously from $21.00) on shares of BRT Apartments in a report on Wednesday, October 1st. Finally, Wall Street Zen lowered shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.75.

BRT Apartments Trading Down 0.4%

NYSE BRT traded down $0.06 on Tuesday, reaching $14.28. The company had a trading volume of 5,302 shares, compared to its average volume of 34,262. The firm has a market cap of $271.61 million, a price-to-earnings ratio of -29.14 and a beta of 0.93. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.75 and a quick ratio of 1.75. BRT Apartments has a fifty-two week low of $14.05 and a fifty-two week high of $20.22. The business has a 50 day moving average of $15.27 and a two-hundred day moving average of $15.49.

Insider Buying and Selling at BRT Apartments

In related news, major shareholder Investors L. P. Gould acquired 7,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were purchased at an average price of $14.96 per share, for a total transaction of $104,720.00. Following the completion of the acquisition, the insider owned 4,074,353 shares of the company’s stock, valued at approximately $60,952,320.88. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fredric H. Gould bought 8,758 shares of BRT Apartments stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average price of $15.96 per share, with a total value of $139,777.68. Following the completion of the purchase, the director owned 466,457 shares in the company, valued at $7,444,653.72. This trade represents a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 44,600 shares of company stock worth $699,066. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently added to or reduced their stakes in BRT. Brookwood Investment Group LLC acquired a new stake in BRT Apartments in the 1st quarter valued at $185,000. Vanguard Group Inc. lifted its stake in shares of BRT Apartments by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider’s stock valued at $19,225,000 after buying an additional 17,850 shares in the last quarter. Nuveen LLC acquired a new position in shares of BRT Apartments during the first quarter valued at about $673,000. Permanens Capital L.P. bought a new stake in shares of BRT Apartments during the first quarter worth about $402,000. Finally, Goldman Sachs Group Inc. increased its position in shares of BRT Apartments by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 5,035 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.