Renaissance Technologies LLC Acquires 4,600 Shares of BRT Apartments Corp. (NYSE:BRT)

Posted by Defense World Staff on Mar 5th, 2023

Renaissance Technologies LLC increased its position in shares of BRT Apartments Corp. (NYSE:BRT – Get Rating) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 607,691 shares of the financial services provider’s stock after acquiring an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned about 3.21% of BRT Apartments worth $12,342,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BRT. FNY Investment Advisers LLC purchased a new stake in shares of BRT Apartments in the 3rd quarter valued at $28,000. Metropolitan Life Insurance Co NY boosted its holdings in BRT Apartments by 83.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock worth $33,000 after buying an additional 635 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in BRT Apartments by 34.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,816 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,231 shares in the last quarter. UBS Group AG boosted its holdings in BRT Apartments by 16.7% during the third quarter. UBS Group AG now owns 6,178 shares of the financial services provider’s stock worth $126,000 after buying an additional 882 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in BRT Apartments during the first quarter worth $149,000. Institutional investors own 29.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JMP Securities restated a “buy” rating and set a $28.00 price objective on shares of BRT Apartments in a research report on Wednesday, November 23rd. B. Riley cut their price objective on shares of BRT Apartments from $32.00 to $30.00 in a research report on Friday, November 11th.

Insider Activity

In related news, VP Isaac Kalish sold 3,000 shares of BRT Apartments stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $20.93, for a total value of $62,790.00. Following the completion of the transaction, the vice president now owns 104,218 shares in the company, valued at $2,181,282.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Isaac Kalish sold 3,000 shares of BRT Apartments stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $20.93, for a total value of $62,790.00. Following the completion of the transaction, the vice president now owns 104,218 shares in the company, valued at $2,181,282.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew J. Gould purchased 11,876 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average price of $19.87 per share, with a total value of $235,976.12. Following the purchase, the senior vice president now directly owns 3,182,303 shares of the company’s stock, valued at $63,232,360.61. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 65,405 shares of company stock valued at $1,303,597. 36.70% of the stock is currently owned by company insiders.

BRT Apartments Trading Up 1.7 %

NYSE BRT opened at $21.57 on Friday. The firm has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $21.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.95 and a current ratio of 0.95. BRT Apartments Corp. has a one year low of $18.73 and a one year high of $25.67. The firm has a market cap of $408.54 million, a price-to-earnings ratio of 7.57, a PEG ratio of 2.04 and a beta of 1.06.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Tuesday, December 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Monday, December 19th. BRT Apartments’s payout ratio is 35.09%.

BRT Apartments Company Profile

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BRT Apartments Corp. is a real estate investment trust, which engages in the ownership, operation, and development of multi-family properties. Its properties include Brixworth at Bridge Street, Silvana Oaks Apartments, Avondale Station, Newbridge Commons, Kendall Manor, and Parkway Grande. The company was founded in 1972 and is headquartered in Great Neck, NY.