Jeffrey Gould Buys 4,275 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould purchased 4,275 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of $16.48 per share, with a total value of $70,452.00. Following the completion of the transaction, the chief executive officer now owns 3,536,673 shares of the company’s stock, valued at $58,284,371.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 19th, Jeffrey Gould bought 991 shares of BRT Apartments stock. The shares were acquired at an average price of $16.25 per share, with a total value of $16,103.75.

BRT Apartments Stock Up 3.8 %

Shares of NYSE:BRT opened at $16.42 on Thursday. BRT Apartments Corp. has a 52-week low of $15.21 and a 52-week high of $20.69. The business’s 50 day moving average is $16.43 and its 200 day moving average is $17.34. The stock has a market cap of $304.99 million, a P/E ratio of 91.20 and a beta of 1.14. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.01.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, March 27th will be paid 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 6.09%. BRT Apartments’s dividend payout ratio (DPR) is presently 555.59%.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors and hedge funds have recently bought and sold shares of BRT. Stifel Financial Corp acquired a new position in shares of BRT Apartments in the 1st quarter valued at $1,805,000. Silverberg Bernstein Capital Management LLC acquired a new stake in BRT Apartments in the fourth quarter valued at approximately $1,229,000. BlackRock Inc. lifted its holdings in BRT Apartments by 5.6% during the second quarter. BlackRock Inc. now owns 986,852 shares of the financial services provider’s stock valued at $19,540,000 after purchasing an additional 52,417 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BRT Apartments during the fourth quarter worth about $504,000. Finally, AQR Capital Management LLC lifted its stake in BRT Apartments by 29.0% in the 1st quarter. AQR Capital Management LLC now owns 115,020 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 25,830 shares in the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities decreased their target price on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

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.