BRT Apartments (NYSE:BRT) Major Shareholder Investors Gould Buys 7,000 Shares

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors Gould acquired 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were bought at an average cost of $14.96 per share, with a total value of $104,720.00. Following the completion of the purchase, the insider owned 4,074,353 shares of the company’s stock, valued at $60,952,320.88. This trade represents a 0.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

BRT Apartments Trading Down 0.2%

NYSE:BRT opened at $14.93 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.51. BRT Apartments Corp. has a 1-year low of $14.17 and a 1-year high of $20.22. The firm has a market capitalization of $282.62 million, a price-to-earnings ratio of -30.47 and a beta of 0.91. The business’s 50-day moving average price is $15.60 and its two-hundred day moving average price is $15.60.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, September 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.00 annualized dividend and a yield of 6.7%. BRT Apartments’s dividend payout ratio (DPR) is presently -204.08%.

Institutional Investors Weigh In On BRT Apartments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in BRT Apartments in the 1st quarter valued at $673,000. Permanens Capital L.P. acquired a new position in shares of BRT Apartments during the 1st quarter worth about $402,000. Silverberg Bernstein Capital Management LLC grew its holdings in shares of BRT Apartments by 21.4% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 119,927 shares of the financial services provider’s stock valued at $1,878,000 after acquiring an additional 21,114 shares in the last quarter. Vanguard Group Inc. increased its position in shares of BRT Apartments by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider’s stock valued at $19,225,000 after acquiring an additional 17,850 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in BRT Apartments during the first quarter worth about $185,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BRT shares. Wall Street Zen downgraded shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. B. Riley reissued a “buy” rating and issued a $19.50 price target (down previously from $21.00) on shares of BRT Apartments in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRT Apartments in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.50.

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.