Investors L. P. Gould Acquires 15,475 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould bought 15,475 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $16.23 per share, with a total value of $251,159.25. Following the purchase, 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 through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Trading Up 3.8 %

BRT Apartments stock opened at $16.42 on Thursday. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69. 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 business has a 50 day moving average price of $16.43 and a two-hundred day moving average price of $17.34. The stock has a market cap of $304.99 million, a price-to-earnings ratio of 91.20 and a beta of 1.14.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.09%. BRT Apartments’s payout ratio is presently 555.59%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities cut 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.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently bought and sold shares of BRT. Metropolitan Life Insurance Co NY increased its holdings in BRT Apartments by 83.9% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 635 shares in the last quarter. Orion Capital Management LLC acquired a new stake in BRT Apartments during the 3rd quarter valued at $35,000. Barclays PLC increased its holdings in BRT Apartments by 166.9% during the 4th quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 2,020 shares in the last quarter. Citigroup Inc. increased its holdings in BRT Apartments by 13,260.7% during the 2nd quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 3,713 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in BRT Apartments by 18.6% in the 3rd 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 during the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

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