BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Buys 4,360 Shares

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 4,360 shares of BRT Apartments stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $15.58 per share, with a total value of $67,928.80. Following the completion of the purchase, the insider now directly owns 3,955,544 shares in the company, valued at $61,627,375.52. This represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

BRT Apartments Price Performance

BRT stock traded down $0.40 during mid-day trading on Wednesday, hitting $15.53. The company had a trading volume of 33,399 shares, compared to its average volume of 31,371. The company has a 50-day moving average price of $15.91 and a 200 day moving average price of $17.34. BRT Apartments Corp. has a 12-month low of $14.61 and a 12-month high of $20.22. The company has a market capitalization of $293.95 million, a price-to-earnings ratio of -29.30 and a beta of 1.07. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31.

BRT Apartments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.44%. BRT Apartments’s dividend payout ratio is currently -208.33%.

Hedge Funds Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRT. GAMMA Investing LLC increased its stake in BRT Apartments by 10,464.3% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,465 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of BRT Apartments by 131.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares in the last quarter. Strs Ohio bought a new position in shares of BRT Apartments in the 1st quarter valued at about $39,000. Resona Asset Management Co. Ltd. purchased a new position in BRT Apartments in the fourth quarter worth about $77,000. Finally, Wells Fargo & Company MN grew its position in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,439 shares in the last quarter. 29.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BRT has been the subject of several analyst reports. B. Riley reduced their target price on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Wall Street Zen downgraded BRT Apartments from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Colliers Securities downgraded BRT Apartments from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

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.