Insider Buying: BRT Apartments Corp. (NYSE:BRT) Major Shareholder Acquires $251,159.25 in Stock

BRT Apartments Corp. (NYSE:BRTGet Free Report) major shareholder Investors L. P. Gould purchased 15,475 shares of BRT Apartments stock in a transaction on Monday, March 25th. The stock was bought at an average cost of $16.23 per share, with a total value of $251,159.25. Following the completion of the acquisition, the insider now owns 3,547,873 shares in the company, valued at $57,581,978.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

BRT Apartments Price Performance

Shares of BRT Apartments stock opened at $16.80 on Friday. 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 firm’s 50-day simple moving average is $16.39 and its 200-day simple moving average is $17.33. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.69. The firm has a market cap of $312.14 million, a P/E ratio of 93.34 and a beta of 1.14.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 26th. This represents a $1.00 annualized dividend and a dividend yield of 5.95%. BRT Apartments’s dividend payout ratio (DPR) is currently 555.59%.

Wall Street Analyst Weigh In

Separately, JMP Securities decreased their target price 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.

Read Our Latest Stock Report on BRT

Institutional Trading of BRT Apartments

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of BRT Apartments by 2.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 549 shares in the last quarter. Deutsche Bank AG boosted its position in BRT Apartments by 1.3% in the third quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock valued at $822,000 after buying an additional 632 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position 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 buying an additional 635 shares in the last quarter. State Street Corp boosted its position in BRT Apartments by 0.3% in the second quarter. State Street Corp now owns 230,808 shares of the financial services provider’s stock valued at $4,628,000 after buying an additional 704 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in BRT Apartments by 18.6% in the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after buying an additional 871 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

BRT Apartments Company Profile

(Get Free Report)

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.

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

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