Jeffrey Gould Acquires 4,275 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould purchased 4,275 shares of BRT Apartments stock in a transaction dated Monday, March 25th. The stock was bought at an average price of $16.48 per share, with a total value of $70,452.00. Following the acquisition, the chief executive officer now directly owns 3,536,673 shares of the company’s stock, valued at $58,284,371.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 19th, Jeffrey Gould purchased 991 shares of BRT Apartments stock. The stock was bought at an average price of $16.25 per share, with a total value of $16,103.75.

BRT Apartments Stock Performance

Shares of BRT opened at $16.81 on Friday. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69. The firm has a fifty day simple moving average of $16.41 and a 200 day simple moving average of $17.34. The stock has a market capitalization of $312.33 million, a price-to-earnings ratio of 93.39 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Tuesday, March 26th. BRT Apartments’s dividend payout ratio is currently 555.59%.

Wall Street Analyst Weigh In

Separately, JMP Securities reduced their target price on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, March 14th.

Institutional Trading of BRT Apartments

A number of large investors have recently added to or reduced their stakes in BRT. Acadian Asset Management LLC lifted its stake in BRT Apartments by 566.8% in the first quarter. Acadian Asset Management LLC now owns 18,491 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 15,718 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in BRT Apartments in the first quarter valued at $149,000. Metropolitan Life Insurance Co NY lifted its stake in BRT Apartments by 83.9% in 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of BRT Apartments by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 118,333 shares of the financial services provider’s stock valued at $2,837,000 after purchasing an additional 2,817 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of BRT Apartments by 19.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 98,835 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 15,787 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

About BRT Apartments

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 September 30, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.