Goldman Sachs Group Inc. Purchases 5,035 Shares of BRT Apartments Corp. $BRT

Goldman Sachs Group Inc. lifted its position in BRT Apartments Corp. (NYSE:BRT) by 15.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,266 shares of the financial services provider’s stock after buying an additional 5,035 shares during the period. Goldman Sachs Group Inc. owned about 0.20% of BRT Apartments worth $634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in shares of BRT Apartments by 5.2% in the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider’s stock worth $346,000 after buying an additional 952 shares in the last quarter. Albert D Mason Inc. raised its holdings in shares of BRT Apartments by 1.8% during the first quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 1,278 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of BRT Apartments by 10,464.3% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,465 shares during the last quarter. Strs Ohio purchased a new position in shares of BRT Apartments during the first quarter valued at approximately $39,000. Finally, Bank of America Corp DE raised its holdings in shares of BRT Apartments by 26.1% during the fourth quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 3,638 shares during the last quarter. Institutional investors own 29.07% of the company’s stock.

Insider Buying and Selling

In other BRT Apartments news, CEO Jeffrey Gould bought 3,468 shares of BRT Apartments stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $14.96 per share, with a total value of $51,881.28. Following the completion of the acquisition, the chief executive officer owned 4,040,400 shares in the company, valued at approximately $60,444,384. This represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Fredric H. Gould bought 1,977 shares of BRT Apartments stock in a transaction on Thursday, September 11th. The shares were acquired at an average cost of $16.42 per share, with a total value of $32,462.34. Following the completion of the acquisition, 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. Over the last ninety days, insiders have acquired 39,546 shares of company stock valued at $623,129. 42.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, BRT Apartments presently has an average rating of “Moderate Buy” and an average price target of $21.00.

BRT Apartments Stock Down 3.2%

BRT opened at $15.86 on Thursday. BRT Apartments Corp. has a twelve month low of $14.17 and a twelve month high of $20.22. The stock has a market capitalization of $300.23 million, a price-to-earnings ratio of -32.37 and a beta of 0.94. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51. The firm has a 50 day moving average price of $15.59 and a 200-day moving average price of $15.92.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 24th. BRT Apartments’s dividend payout ratio is currently -204.08%.

BRT Apartments 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.