BRT Apartments (NYSE:BRT) Upgraded by Wall Street Zen to Hold Rating

BRT Apartments (NYSE:BRT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

BRT Apartments Trading Down 1.3%

Shares of BRT Apartments stock opened at $16.34 on Friday. The firm has a 50-day simple moving average of $15.55 and a two-hundred day simple moving average of $15.95. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.75 and a current ratio of 1.75. BRT Apartments has a fifty-two week low of $14.17 and a fifty-two week high of $20.22. The company has a market cap of $309.32 million, a P/E ratio of -33.35 and a beta of 0.94.

Insiders Place Their Bets

In related news, CEO Jeffrey Gould purchased 3,468 shares of BRT Apartments stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $14.96 per share, for a total transaction of $51,881.28. Following the acquisition, the chief executive officer directly owned 4,040,400 shares in the company, valued at approximately $60,444,384. The trade was a 0.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fredric H. Gould acquired 1,977 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average price of $16.42 per share, with a total value of $32,462.34. Following the completion of the transaction, the director owned 23,034 shares of the company’s stock, valued at $378,218.28. The trade was a 9.39% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 39,546 shares of company stock valued at $623,129 in the last ninety days. Insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BRT. Vanguard Group Inc. boosted its position in shares of BRT Apartments by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider’s stock worth $19,225,000 after buying an additional 17,850 shares during the period. Lesa Sroufe & Co acquired a new position in BRT Apartments during the 1st quarter worth about $297,000. Advisor Resource Council acquired a new position in BRT Apartments in the 1st quarter valued at about $994,000. Permanens Capital L.P. purchased a new stake in BRT Apartments during the first quarter worth about $402,000. Finally, Silverberg Bernstein Capital Management LLC increased its stake in BRT Apartments by 25.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 98,813 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 19,828 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.