BRT Apartments Corp. (NYSE:BRT) Major Shareholder Buys $217,036.50 in Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 12,850 shares of BRT Apartments stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of $16.89 per share, with a total value of $217,036.50. Following the purchase, the insider now owns 3,707,981 shares in the company, valued at approximately $62,627,799.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

BRT Apartments Stock Down 1.8 %

BRT stock opened at $16.51 on Thursday. The firm has a market cap of $306.81 million, a PE ratio of 91.72, a PEG ratio of 2.36 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 current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01. The company has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $17.25.

BRT Apartments Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.00 annualized dividend and a yield of 6.06%. BRT Apartments’s dividend payout ratio (DPR) is presently 555.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BRT shares. B. Riley started coverage on shares of BRT Apartments in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.50 price objective for the company. JMP Securities reduced their price objective 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in BRT Apartments by 5.6% in the 2nd quarter. BlackRock Inc. now owns 986,852 shares of the financial services provider’s stock worth $19,540,000 after acquiring an additional 52,417 shares during the period. Vanguard Group Inc. raised its holdings in BRT Apartments by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 606,984 shares of the financial services provider’s stock worth $11,284,000 after acquiring an additional 7,610 shares during the period. Geode Capital Management LLC raised its holdings in BRT Apartments by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 246,761 shares of the financial services provider’s stock worth $4,886,000 after acquiring an additional 15,328 shares during the period. Finally, State Street Corp raised its holdings in BRT Apartments by 0.3% in the 2nd quarter. State Street Corp now owns 230,808 shares of the financial services provider’s stock worth $4,628,000 after acquiring an additional 704 shares during the period. Institutional investors own 29.07% of the company’s 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.