BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Purchases 11,212 Shares

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 11,212 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of $17.00 per share, with a total value of $190,604.00. Following the completion of the purchase, the insider now directly owns 3,682,281 shares of the company’s stock, valued at approximately $62,598,777. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Trading Up 1.0 %

BRT opened at $16.68 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $309.91 million, a price-to-earnings ratio of 92.67, a PEG ratio of 2.34 and a beta of 1.15. The business has a fifty day moving average price of $16.33 and a 200 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.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s dividend payout ratio is presently 555.59%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. B. Riley started coverage on BRT Apartments in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.50 target price for the company. JMP Securities cut their target price 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.

Institutional Trading of BRT Apartments

Several hedge funds have recently added to or reduced their stakes in BRT. Silverberg Bernstein Capital Management LLC acquired a new stake in shares of BRT Apartments in the 4th quarter valued at $1,229,000. Clear Creek Financial Management LLC acquired a new stake in BRT Apartments in the fourth quarter valued at $263,000. Capital Square LLC lifted its holdings in BRT Apartments by 7.7% during the 4th quarter. Capital Square LLC now owns 27,660 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,973 shares during the last quarter. Bailard Inc. acquired a new position in shares of BRT Apartments during the 3rd quarter worth about $251,000. Finally, SG Americas Securities LLC purchased a new position in shares of BRT Apartments in the 4th quarter valued at about $123,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

About BRT Apartments

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.