BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Buys 12,850 Shares

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould purchased 12,850 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was bought at an average price of $16.89 per share, with a total value of $217,036.50. Following the completion of the acquisition, the insider now owns 3,707,981 shares in the company, valued at approximately $62,627,799.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Stock Down 1.8 %

Shares of BRT Apartments stock opened at $16.51 on Thursday. The business has a 50-day moving average of $16.33 and a 200-day moving average of $17.25. 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 company has a market capitalization of $306.81 million, a PE ratio of 91.72, a P/E/G ratio of 2.36 and a beta of 1.15. BRT Apartments Corp. has a 1-year low of $15.21 and a 1-year high of $20.69.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.00 annualized dividend and a dividend yield of 6.06%. BRT Apartments’s dividend payout ratio is presently 555.56%.

Institutional Trading of BRT Apartments

Large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY lifted its position 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 worth $33,000 after purchasing an additional 635 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of BRT Apartments during the third quarter worth about $35,000. Barclays PLC lifted its position in shares of BRT Apartments by 166.9% during the fourth quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,020 shares during the last quarter. Citigroup Inc. lifted its position in shares of BRT Apartments by 13,260.7% during the second quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 3,713 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of 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 worth $95,000 after purchasing an additional 871 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BRT. JMP Securities lowered their price target on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. B. Riley initiated coverage on BRT Apartments in a research note on Thursday, April 11th. They set a “buy” rating and a $19.50 target price for the company.

BRT Apartments Company Profile

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.