Investors L. P. Gould Purchases 10,119 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 10,119 shares of the stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $15.45 per share, for a total transaction of $156,338.55. Following the transaction, the insider now owns 3,914,065 shares of the company’s stock, valued at approximately $60,472,304.25. This trade represents a 0.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Price Performance

BRT opened at $15.71 on Friday. The company has a market capitalization of $297.39 million, a price-to-earnings ratio of -29.64 and a beta of 1.07. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average price of $16.29 and a 200-day moving average price of $17.42. BRT Apartments Corp. has a twelve month low of $14.61 and a twelve month high of $20.22.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 6.37%. BRT Apartments’s payout ratio is -208.33%.

Analysts Set New Price Targets

Several brokerages have commented on BRT. Colliers Securities lowered shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. B. Riley reduced their target price on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com upgraded shares of BRT Apartments from a “sell” rating to a “hold” rating in a research note on Wednesday, April 23rd.

Hedge Funds Weigh In On BRT Apartments

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in BRT Apartments by 1.6% during 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 in the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in BRT Apartments by 19.5% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 12,901 shares in the last quarter. Albert D Mason Inc. grew its stake in BRT Apartments by 1.8% during the first quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider’s stock valued at $1,197,000 after acquiring an additional 1,278 shares in the last quarter. Wealth Alliance grew its stake in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 38,475 shares in the last quarter. Finally, Advisor Resource Council purchased a new position in BRT Apartments during the first quarter valued at approximately $994,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.