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

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould acquired 5,500 shares of BRT Apartments stock in a transaction dated Friday, April 19th. The shares were acquired 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, April 3rd, Jeffrey Gould purchased 12,299 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.81 per share, with a total value of $206,746.19.
• On Wednesday, March 27th, Jeffrey Gould acquired 3,300 shares of BRT Apartments stock. The shares were bought at an average cost of $16.03 per share, for a total transaction of $52,899.00.
• On Monday, March 25th, Jeffrey Gould bought 4,275 shares of BRT Apartments stock. The stock was bought at an average cost of $16.48 per share, with a total value of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould purchased 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 Trading Down 1.7 %

Shares of BRT opened at $17.63 on Thursday. 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 company has a market cap of $327.57 million, a price-to-earnings ratio of 97.95, a PEG ratio of 2.47 and a beta of 1.15. The stock has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $17.28. BRT Apartments Corp. has a 52-week low of $15.21 and a 52-week high of $20.69.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.00 annualized dividend and a yield of 5.67%. BRT Apartments’s dividend payout ratio (DPR) is 555.59%.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of BRT Apartments during the third quarter worth approximately $35,000. State of Alaska Department of Revenue grew its stake in shares of BRT Apartments by 18.6% during the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 871 shares during the period. SG Americas Securities LLC acquired a new position in shares of BRT Apartments during the 4th quarter worth about $123,000. Denali Advisors LLC increased its stake in shares of BRT Apartments by 61.2% in the 3rd quarter. Denali Advisors LLC now owns 10,800 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 4,100 shares during the last quarter. Finally, BTC Capital Management Inc. raised its position in shares of BRT Apartments by 7.1% in the 3rd quarter. BTC Capital Management Inc. now owns 14,297 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 946 shares during the period. Institutional investors own 29.07% of the company’s stock.

Analyst Ratings Changes

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

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.