BRT Apartments (NYSE:BRT) Stock Price Crosses Above Two Hundred Day Moving Average of $17.31

BRT Apartments Corp. (NYSE:BRT)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.31 and traded as high as $18.75. BRT Apartments shares last traded at $18.64, with a volume of 35,450 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on BRT. JMP Securities cut their price objective 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 initiated coverage on shares of BRT Apartments in a report on Thursday, April 11th. They set a “buy” rating and a $19.50 price target on the stock.

BRT Apartments Trading Up 0.9 %

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 firm has a market capitalization of $346.39 million, a PE ratio of 103.56, a P/E/G ratio of 2.57 and a beta of 1.11. The company’s fifty day simple moving average is $16.78 and its 200-day simple moving average is $17.31.

BRT Apartments Announces Dividend

The business also recently disclosed 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 5.36%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s payout ratio is 555.56%.

Insider Buying and Selling at BRT Apartments

In related news, SVP Matthew J. Gould acquired 11,200 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $16.14 per share, with a total value of $180,768.00. Following the completion of the acquisition, the senior vice president now directly owns 3,547,873 shares in the company, valued at approximately $57,262,670.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BRT Apartments news, SVP Matthew J. Gould bought 11,200 shares of BRT Apartments stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $16.14 per share, for a total transaction of $180,768.00. Following the completion of the transaction, the senior vice president now directly owns 3,547,873 shares of the company’s stock, valued at $57,262,670.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Investors L. P. Gould bought 2,277 shares of BRT Apartments stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $16.29 per share, with a total value of $37,092.33. Following the completion of the transaction, the insider now directly owns 3,527,936 shares of the company’s stock, valued at $57,470,077.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 107,349 shares of company stock valued at $1,785,491 over the last ninety days. Corporate insiders own 38.30% of the company’s stock.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently modified their holdings of BRT. State of Alaska Department of Revenue raised its position in shares of BRT Apartments by 18.6% in 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 last quarter. Bailard Inc. acquired a new stake in BRT Apartments during the third quarter worth about $251,000. Deutsche Bank AG increased its position in BRT Apartments by 1.3% during the third quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 632 shares during the last quarter. Capital Square LLC increased its position in BRT Apartments by 15.5% during the third quarter. Capital Square LLC now owns 25,687 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 3,455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in BRT Apartments during the third quarter worth about $35,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

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.