Insider Buying: BRT Apartments Corp. (NYSE:BRT) Major Shareholder Purchases $170,591.26 in Stock

BRT Apartments Corp. (NYSE:BRTGet Rating) major shareholder Investors L. P. Gould bought 7,786 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were purchased at an average cost of $21.91 per share, for a total transaction of $170,591.26. Following the acquisition, the insider now owns 3,036,423 shares of the company’s stock, valued at $66,528,027.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Trading Down 2.2 %

Shares of NYSE:BRT opened at $21.55 on Friday. The stock has a market capitalization of $406.63 million, a PE ratio of 5.35, a P/E/G ratio of 2.18 and a beta of 1.19. BRT Apartments Corp. has a 1 year low of $18.35 and a 1 year high of $25.67. The firm has a fifty day moving average price of $23.25 and a 200 day moving average price of $22.68. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 1.34.

BRT Apartments (NYSE:BRTGet Rating) last released its earnings results on Monday, August 8th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $2.03. BRT Apartments had a net margin of 167.66% and a return on equity of 33.91%. During the same quarter last year, the business posted $0.31 earnings per share. Analysts expect that BRT Apartments Corp. will post 1.63 EPS for the current fiscal year.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Tuesday, September 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Monday, September 26th. BRT Apartments’s dividend payout ratio is 24.81%.

Analysts Set New Price Targets

Separately, StockNews.com raised BRT Apartments from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Visionary Wealth Advisors acquired a new position in BRT Apartments during the 1st quarter worth $249,000. Wealth Alliance raised its position in shares of BRT Apartments by 20.2% during the first quarter. Wealth Alliance now owns 15,287 shares of the financial services provider’s stock valued at $366,000 after buying an additional 2,564 shares during the last quarter. All Season Financial Advisors Inc. acquired a new position in shares of BRT Apartments during the first quarter valued at about $426,000. Next Capital Management LLC acquired a new position in shares of BRT Apartments during the second quarter valued at about $152,000. Finally, EAM Investors LLC raised its position in shares of BRT Apartments by 1.6% during the first quarter. EAM Investors LLC now owns 72,026 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 1,142 shares during the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

BRT Apartments Company Profile

(Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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Insider Buying and Selling by Quarter for BRT Apartments (NYSE:BRT)

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