SG Americas Securities LLC Acquires New Stake in BRT Apartments Corp. (NYSE:BRT)

SG Americas Securities LLC acquired a new stake in shares of BRT Apartments Corp. (NYSE:BRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,594 shares of the financial services provider’s stock, valued at approximately $123,000.

Other large investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY boosted its stake 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 valued at $33,000 after buying an additional 635 shares during the period. Orion Capital Management LLC bought a new stake in BRT Apartments during the third quarter valued at $35,000. Barclays PLC boosted its stake in BRT Apartments by 166.9% during the fourth quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,020 shares during the period. Citigroup Inc. boosted its stake in BRT Apartments by 13,260.7% during the second quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after buying an additional 3,713 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in BRT Apartments by 18.6% during the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after buying an additional 871 shares during the period. Institutional investors own 29.07% of the company’s stock.

Insider Transactions at BRT Apartments

In related news, SVP Matthew J. Gould acquired 11,200 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $16.14 per share, for a total transaction of $180,768.00. Following the completion of the acquisition, the senior vice president now owns 3,547,873 shares in the company, valued at $57,262,670.22. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Matthew J. Gould acquired 11,200 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $16.14 per share, for a total transaction of $180,768.00. Following the completion of the acquisition, the senior vice president now owns 3,547,873 shares in the company, valued at $57,262,670.22. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Investors L. P. Gould acquired 2,277 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $16.29 per share, for a total transaction of $37,092.33. Following the acquisition, the insider now owns 3,527,936 shares of the company’s stock, valued at approximately $57,470,077.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 101,849 shares of company stock worth $1,692,596. Company insiders own 38.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BRT shares. B. Riley started coverage on BRT Apartments in a research note on Thursday, April 11th. They set a “buy” rating and a $19.50 price target for the company. JMP Securities dropped their price target on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th.

BRT Apartments Trading Down 1.8 %

Shares of BRT stock opened at $16.51 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.01. The business has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $17.25. BRT Apartments Corp. has a 12-month low of $15.21 and a 12-month high of $20.69. The firm has a market cap of $306.76 million, a P/E ratio of 91.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15.

BRT Apartments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.06%. The ex-dividend date was Tuesday, March 26th. BRT Apartments’s dividend payout ratio (DPR) is currently 555.59%.

BRT Apartments 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.