BRT Apartments (NYSE:BRT) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of BRT Apartments (NYSE:BRT – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other analysts also recently commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $28.00 price objective on shares of BRT Apartments in a report on Wednesday, March 29th. TheStreet lowered shares of BRT Apartments from a “b” rating to a “c” rating in a research note on Friday, March 17th. Finally, EF Hutton Acquisition Co. I cut their price target on shares of BRT Apartments from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, March 15th.

BRT Apartments Stock Performance

BRT opened at $17.34 on Thursday. BRT Apartments has a 12-month low of $16.43 and a 12-month high of $25.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $332.58 million, a PE ratio of 9.37, a P/E/G ratio of 2.49 and a beta of 1.08. The firm has a 50 day moving average of $18.42 and a two-hundred day moving average of $19.83.

Insider Activity

In related news, EVP Mitchell Gould sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $18.63, for a total transaction of $46,575.00. Following the transaction, the executive vice president now owns 198,262 shares of the company’s stock, valued at $3,693,621.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BRT Apartments news, CEO Jeffrey Gould purchased 17,417 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were purchased at an average price of $18.83 per share, for a total transaction of $327,962.11. Following the completion of the acquisition, the chief executive officer now owns 3,311,486 shares of the company’s stock, valued at approximately $62,355,281.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mitchell Gould sold 2,500 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $18.63, for a total value of $46,575.00. Following the completion of the sale, the executive vice president now owns 198,262 shares of the company’s stock, valued at $3,693,621.06. The disclosure for this sale can be found here. Insiders have acquired 100,276 shares of company stock worth $1,869,836 over the last ninety days. 38.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in BRT Apartments by 2.1% in the second quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider’s stock worth $580,000 after buying an additional 549 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of BRT Apartments by 83.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 635 shares during the period. UBS Group AG boosted its holdings in shares of BRT Apartments by 16.7% during the third quarter. UBS Group AG now owns 6,178 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 882 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of BRT Apartments by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,692 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 903 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in BRT Apartments by 5.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,679 shares of the financial services provider’s stock worth $407,000 after buying an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 29.64% of the company’s stock.

BRT Apartments Company Profile

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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.