Investors Gould Buys 6,000 Shares of BRT Apartments (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors Gould purchased 6,000 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $90,000.00. Following the transaction, the insider owned 4,046,400 shares of the company’s stock, valued at approximately $60,696,000. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

BRT Apartments Price Performance

NYSE BRT opened at $15.02 on Thursday. BRT Apartments Corp. has a 1 year low of $14.17 and a 1 year high of $20.22. The company has a fifty day simple moving average of $15.61 and a 200 day simple moving average of $15.65. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.51. The company has a market cap of $284.23 million, a P/E ratio of -30.64 and a beta of 0.91.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.7%. BRT Apartments’s payout ratio is presently -204.08%.

Analyst Upgrades and Downgrades

BRT has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of BRT Apartments in a research note on Wednesday, October 8th. Wall Street Zen cut BRT Apartments from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Finally, B. Riley restated a “buy” rating and issued a $19.50 price objective (down previously from $21.00) on shares of BRT Apartments in a research note on Wednesday, October 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Institutional Trading of BRT Apartments

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of BRT Apartments by 10,464.3% in 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 in the last quarter. Osaic Holdings Inc. increased its holdings in BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider’s stock valued at $28,000 after buying an additional 955 shares during the period. Strs Ohio acquired a new position in shares of BRT Apartments in the 1st quarter valued at $39,000. BNP Paribas Financial Markets lifted its holdings in shares of BRT Apartments by 388.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 2,497 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of BRT Apartments by 328.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,236 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,480 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.

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.