Jeffrey Gould Purchases 5,500 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould purchased 5,500 shares of BRT Apartments stock in a transaction on Friday, April 19th. The shares were acquired at an average price of $16.89 per share, with a total value of $92,895.00. Following the transaction, the chief executive officer now directly owns 3,726,331 shares in the company, valued at approximately $62,937,730.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, April 3rd, Jeffrey Gould acquired 12,299 shares of BRT Apartments stock. The stock was bought at an average cost of $16.81 per share, with a total value of $206,746.19.
• On Wednesday, March 27th, Jeffrey Gould bought 3,300 shares of BRT Apartments stock. The stock was bought at an average price 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 bought at an average cost of $16.48 per share, with a total value of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould bought 991 shares of BRT Apartments stock. The shares were purchased at an average cost of $16.25 per share, for a total transaction of $16,103.75.

BRT Apartments Trading Up 1.2 %

Shares of NYSE:BRT opened at $17.97 on Wednesday. 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 market capitalization of $333.79 million, a price-to-earnings ratio of 99.81, a PEG ratio of 2.41 and a beta of 1.15. BRT Apartments Corp. has a 1-year low of $15.21 and a 1-year high of $20.69. The company has a 50 day moving average price of $16.42 and a 200 day moving average price of $17.27.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Tuesday, March 26th. BRT Apartments’s payout ratio is 555.59%.

Institutional Investors Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Silverberg Bernstein Capital Management LLC acquired a new stake in BRT Apartments during the 4th quarter worth about $1,229,000. Capital Square LLC raised its holdings in shares of BRT Apartments by 7.7% during the fourth quarter. Capital Square LLC now owns 27,660 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,973 shares during the period. Clear Creek Financial Management LLC purchased a new stake in shares of BRT Apartments in the 4th quarter valued at approximately $263,000. SG Americas Securities LLC acquired a new position in BRT Apartments in the 4th quarter worth approximately $123,000. Finally, Bailard Inc. purchased a new position in BRT Apartments during the 3rd quarter worth approximately $251,000. 29.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRT. JMP Securities lowered their price target on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. B. Riley started coverage on BRT Apartments in a report on Thursday, April 11th. They set a “buy” rating and a $19.50 target price on the stock.

BRT Apartments Company Profile

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.