Northern Trust Corp Has $1.61 Million Holdings in BRT Apartments Corp (BRT)

Northern Trust Corp grew its holdings in shares of BRT Apartments Corp (NYSE:BRT) by 119.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,869 shares of the financial services provider’s stock after buying an additional 68,420 shares during the quarter. Northern Trust Corp owned approximately 0.80% of BRT Apartments worth $1,605,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Schwab Charles Investment Management Inc. bought a new stake in shares of BRT Apartments in the 2nd quarter valued at about $197,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of BRT Apartments in the 2nd quarter valued at about $360,000. Bank of America Corp DE raised its holdings in shares of BRT Apartments by 3,926.5% in the 2nd quarter. Bank of America Corp DE now owns 29,313 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 28,585 shares during the period. Martingale Asset Management L P bought a new stake in shares of BRT Apartments in the 2nd quarter valued at about $381,000. Finally, Millennium Management LLC bought a new stake in shares of BRT Apartments in the 1st quarter valued at about $790,000. 32.31% of the stock is currently owned by hedge funds and other institutional investors.

BRT has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of BRT Apartments from a “hold” rating to a “strong sell” rating in a report on Monday, August 13th. TheStreet lowered shares of BRT Apartments from a “b-” rating to a “c” rating in a research note on Monday, August 20th. Finally, ValuEngine lowered shares of BRT Apartments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.33.

Shares of NYSE:BRT opened at $11.41 on Monday. BRT Apartments Corp has a 12-month low of $10.00 and a 12-month high of $14.20. The company has a market cap of $178.85 million, a price-to-earnings ratio of 17.03 and a beta of 0.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.72.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/12/03/northern-trust-corp-has-1-61-million-holdings-in-brt-apartments-corp-brt.html.

BRT Apartments Profile

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

Further Reading: What is the yield curve?

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

Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit