Investors Gould Buys 7,000 Shares of BRT Apartments (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors Gould acquired 7,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were purchased at an average cost of $14.96 per share, for a total transaction of $104,720.00. Following the acquisition, the insider directly owned 4,074,353 shares in the company, valued at $60,952,320.88. This represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

BRT Apartments Trading Up 0.6%

Shares of BRT opened at $15.02 on Thursday. The stock has a market cap of $284.23 million, a PE ratio of -30.64 and a beta of 0.91. The stock has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $15.59. 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.

BRT Apartments Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen cut BRT Apartments from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of BRT Apartments in a report on Wednesday, October 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $19.50 target price (down 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.50.

Institutional Trading of BRT Apartments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,465 shares during the last quarter. Brookwood Investment Group LLC bought a new position in BRT Apartments in the first quarter valued at $185,000. Vanguard Group Inc. increased its stake in BRT Apartments by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider’s stock valued at $19,225,000 after buying an additional 17,850 shares during the last quarter. Nuveen LLC bought a new stake in BRT Apartments during the 1st quarter worth about $673,000. Finally, Permanens Capital L.P. acquired a new position in shares of BRT Apartments during the 1st quarter worth about $402,000. 29.07% of the stock is owned by institutional investors.

About BRT Apartments

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.