BRT Apartments Corp. (NYSE:BRT) CEO Buys $92,895.00 in Stock

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

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

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

BRT Apartments Stock Performance

Shares of BRT opened at $17.97 on Wednesday. The firm has a market cap of $333.79 million, a P/E ratio of 99.81, a PEG ratio of 2.41 and a beta of 1.15. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.69. 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 firm’s 50 day moving average price is $16.42 and its two-hundred day moving average price is $17.27.

BRT Apartments Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BRT shares. B. Riley began coverage on BRT Apartments in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.50 price target for the company. JMP Securities lowered their target price on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th.

Hedge Funds Weigh In On BRT Apartments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in shares of BRT Apartments in the third quarter valued at about $35,000. State of Alaska Department of Revenue raised its position in BRT Apartments by 18.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after buying an additional 871 shares during the last quarter. SG Americas Securities LLC bought a new stake in BRT Apartments in the 4th quarter valued at approximately $123,000. Denali Advisors LLC boosted its position in BRT Apartments by 61.2% during the 3rd quarter. Denali Advisors LLC now owns 10,800 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in shares of BRT Apartments during the 4th quarter worth approximately $263,000. 29.07% of the stock is owned by institutional investors and hedge funds.

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 December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.