Russell Investments Group Ltd. Buys Shares of 14,287 BRT Apartments Corp (NYSE:BRT)

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Russell Investments Group Ltd. purchased a new stake in BRT Apartments Corp (NYSE:BRT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,287 shares of the financial services provider’s stock, valued at approximately $208,000. Russell Investments Group Ltd. owned about 0.09% of BRT Apartments as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRT. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in BRT Apartments by 27.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,964 shares of the financial services provider’s stock valued at $189,000 after buying an additional 2,793 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in BRT Apartments by 9.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 119,000 shares of the financial services provider’s stock worth $1,735,000 after buying an additional 10,000 shares during the period. Albert D Mason Inc. increased its position in shares of BRT Apartments by 0.8% during the third quarter. Albert D Mason Inc. now owns 114,280 shares of the financial services provider’s stock valued at $1,666,000 after acquiring an additional 900 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of BRT Apartments by 49.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 669 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of BRT Apartments by 0.6% in the 2nd quarter. First Manhattan Co. now owns 207,927 shares of the financial services provider’s stock valued at $2,938,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 31.53% of the company’s stock.

Shares of NYSE BRT opened at $18.19 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $295.27 million, a PE ratio of 18.75 and a beta of 0.82. BRT Apartments Corp has a twelve month low of $10.91 and a twelve month high of $18.75. The stock has a fifty day simple moving average of $17.03 and a 200-day simple moving average of $14.64.

BRT Apartments (NYSE:BRT) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $34.04 million for the quarter, compared to analyst estimates of $32.66 million. On average, equities analysts predict that BRT Apartments Corp will post 0.74 earnings per share for the current year.

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

BRT Apartments 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.

Read More: What does a hold rating mean?

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

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