BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould Acquires 5,500 Shares of Stock

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould bought 5,500 shares of the stock in a transaction on Friday, April 19th. The stock was purchased at an average price of $16.89 per share, with a total value of $92,895.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,726,331 shares in the company, valued at approximately $62,937,730.59. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, April 3rd, Jeffrey Gould acquired 12,299 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.81 per share, with a total value of $206,746.19.
• On Wednesday, March 27th, Jeffrey Gould bought 3,300 shares of BRT Apartments stock. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $52,899.00.
• On Monday, March 25th, Jeffrey Gould purchased 4,275 shares of BRT Apartments stock. The stock was acquired at an average cost of $16.48 per share, with a total value of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould acquired 991 shares of BRT Apartments stock. The shares were acquired at an average cost of $16.25 per share, for a total transaction of $16,103.75.

BRT Apartments Stock Up 2.5 %

Shares of BRT Apartments stock opened at $17.81 on Tuesday. BRT Apartments Corp. has a 52-week low of $15.21 and a 52-week high of $20.69. The firm’s 50 day moving average price is $16.38 and its 200-day moving average price is $17.27. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.01. The company has a market cap of $330.96 million, a P/E ratio of 98.94, a PEG ratio of 2.41 and a beta of 1.15.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders 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 annualized dividend and a dividend yield of 5.61%. BRT Apartments’s dividend payout ratio is presently 555.56%.

Analyst Ratings Changes

Several analysts have issued reports on the company. B. Riley assumed coverage on BRT Apartments in a research report on Thursday, April 11th. They set a “buy” rating and a $19.50 target price on the stock. JMP Securities dropped their price objective on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th.

Institutional Trading of BRT Apartments

Institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in BRT Apartments in the third quarter valued at about $35,000. State of Alaska Department of Revenue increased its holdings 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 valued at $95,000 after acquiring an additional 871 shares in the last quarter. SG Americas Securities LLC acquired a new position in BRT Apartments during the 4th quarter valued at approximately $123,000. Denali Advisors LLC raised its holdings in shares of BRT Apartments by 61.2% in the third quarter. Denali Advisors LLC now owns 10,800 shares of the financial services provider’s stock worth $187,000 after buying an additional 4,100 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new stake in shares of BRT Apartments during the fourth quarter worth $263,000. 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 December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.