Investors L. P. Gould Buys 4,360 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould bought 4,360 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $15.58 per share, for a total transaction of $67,928.80. Following the completion of the acquisition, the insider now directly owns 3,955,544 shares of the company’s stock, valued at approximately $61,627,375.52. This trade represents a 0.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

BRT Apartments Stock Performance

Shares of NYSE:BRT opened at $16.00 on Friday. The company’s 50 day simple moving average is $15.82 and its 200 day simple moving average is $17.31. The stock has a market capitalization of $302.80 million, a price-to-earnings ratio of -30.18 and a beta of 1.07. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. BRT Apartments Corp. has a 1 year low of $14.61 and a 1 year high of $20.22.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.25%. BRT Apartments’s dividend payout ratio (DPR) is -208.33%.

Analyst Ratings Changes

BRT has been the topic of several recent research reports. Wall Street Zen cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. B. Riley lowered their target price on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Finally, Colliers Securities cut shares of BRT Apartments from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in BRT Apartments by 127.2% in the third quarter. JPMorgan Chase & Co. now owns 21,621 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 12,103 shares during the last quarter. Wealth Alliance increased its stake in BRT Apartments by 141.7% in 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 during the last quarter. Vanguard Group Inc. increased its stake in BRT Apartments by 62.7% in the fourth quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider’s stock valued at $20,068,000 after acquiring an additional 429,046 shares during the last quarter. Raymond James Financial Inc. bought a new position in BRT Apartments in the fourth quarter valued at approximately $795,000. Finally, Barclays PLC grew its stake in shares of BRT Apartments by 15.4% during the fourth quarter. Barclays PLC now owns 16,953 shares of the financial services provider’s stock worth $306,000 after buying an additional 2,263 shares during the last quarter. 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.