Matthew J. Gould Purchases 12,200 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) SVP Matthew J. Gould acquired 12,200 shares of BRT Apartments stock in a transaction dated Thursday, April 11th. The stock was bought at an average price of $16.89 per share, with a total value of $206,058.00. Following the completion of the purchase, the senior vice president now directly owns 3,671,069 shares in the company, valued at $62,004,355.41. The purchase was disclosed in a document filed with the SEC, which is available at this link.

BRT Apartments Trading Down 0.6 %

NYSE:BRT opened at $16.90 on Wednesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $313.91 million, a price-to-earnings ratio of 93.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.15. BRT Apartments Corp. has a one year low of $15.21 and a one year high of $20.69. The business has a fifty day moving average price of $16.32 and a 200-day moving average price of $17.26.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.00 dividend on an annualized basis and a yield of 5.92%. BRT Apartments’s dividend payout ratio is presently 555.59%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BRT shares. B. Riley started coverage on BRT Apartments in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.50 price objective for the company. JMP Securities reduced their price objective on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th.

Institutional Investors Weigh In On BRT Apartments

A number of institutional investors and hedge funds have recently bought and sold shares of BRT. Metropolitan Life Insurance Co NY raised its holdings in 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. Orion Capital Management LLC bought a new stake in BRT Apartments during the third quarter valued at about $35,000. Barclays PLC raised its holdings in BRT Apartments by 166.9% during the fourth quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 2,020 shares during the period. Citigroup Inc. raised its holdings in BRT Apartments by 13,260.7% during the second quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 3,713 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in BRT Apartments by 18.6% during 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 acquiring an additional 871 shares during the period. 29.07% of the stock is owned by institutional investors.

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 December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.