BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould Acquires 12,299 Shares

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould purchased 12,299 shares of BRT Apartments stock in a transaction dated Wednesday, April 3rd. The stock was acquired at an average cost of $16.81 per share, with a total value of $206,746.19. Following the completion of the acquisition, the chief executive officer now directly owns 3,580,541 shares in the company, valued at $60,188,894.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Gould also recently made the following trade(s):

• On Wednesday, March 27th, Jeffrey Gould purchased 3,300 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.03 per share, with a total value of $52,899.00.
• On Monday, March 25th, Jeffrey Gould purchased 4,275 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.48 per share, with a total value of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould purchased 991 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.25 per share, with a total value of $16,103.75.

BRT Apartments Stock Performance

BRT Apartments stock opened at $16.70 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average of $16.27 and a two-hundred day moving average of $17.27. The company has a market capitalization of $310.29 million, a price-to-earnings ratio of 92.78 and a beta of 1.15. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.69.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s dividend payout ratio is currently 555.59%.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in BRT Apartments by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 606,984 shares of the financial services provider’s stock valued at $11,284,000 after acquiring an additional 7,610 shares during the last quarter. GSA Capital Partners LLP acquired a new position in BRT Apartments in the fourth quarter valued at $375,000. Mercer Global Advisors Inc. ADV acquired a new position in BRT Apartments in the fourth quarter valued at $504,000. Barclays PLC boosted its holdings in BRT Apartments by 728.3% in the fourth quarter. Barclays PLC now owns 16,035 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 14,099 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in BRT Apartments by 9.8% in the fourth quarter. Nuveen Asset Management LLC now owns 39,580 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 3,522 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities dropped their price objective 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.

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 September 30, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.