BRT Apartments Corp. (NYSE:BRT) SVP Matthew J. Gould Acquires 12,200 Shares

BRT Apartments Corp. (NYSE:BRT) SVP Matthew J. Gould bought 12,200 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were acquired at an average price of $16.89 per share, with a total value of $206,058.00. Following the completion of the transaction, the senior vice president now owns 3,671,069 shares of the company’s stock, valued at approximately $62,004,355.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BRT Apartments Price Performance

BRT opened at $17.07 on Tuesday. The company has a market capitalization of $317.16 million, a price-to-earnings ratio of 94.84, a PEG ratio of 2.45 and a beta of 1.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01. BRT Apartments Corp. has a 12-month low of $15.21 and a 12-month high of $20.69. The business’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $17.26.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s payout ratio is 555.59%.

Analysts Set New Price Targets

Several research analysts recently commented on BRT shares. JMP Securities reduced their price target on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. B. Riley assumed coverage on shares of BRT Apartments in a research report on Thursday, April 11th. They set a “buy” rating and a $19.50 target price on the stock.

Institutional Investors Weigh In On BRT Apartments

Several large investors have recently modified their holdings of BRT. Metropolitan Life Insurance Co NY boosted its stake in shares of 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 valued at $33,000 after purchasing an additional 635 shares in the last quarter. Orion Capital Management LLC purchased a new stake in BRT Apartments during the third quarter worth $35,000. Barclays PLC lifted its holdings in BRT Apartments by 166.9% during the fourth quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock worth $64,000 after buying an additional 2,020 shares during the period. Citigroup Inc. boosted its position in BRT Apartments by 13,260.7% during the 2nd quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 3,713 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of BRT Apartments by 18.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 871 shares during the period. Institutional investors own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.