BRT Apartments Corp. (NYSE:BRT) CEO Purchases $92,895.00 in Stock

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould bought 5,500 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of $16.89 per share, with a total value of $92,895.00. Following the completion of the transaction, the chief executive officer now directly owns 3,726,331 shares of the company’s stock, valued at $62,937,730.59. The transaction was disclosed in a document filed with the SEC, which is available at 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 purchased 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 purchased at an average cost of $16.03 per share, with a total value of $52,899.00.
• On Monday, March 25th, Jeffrey Gould purchased 4,275 shares of BRT Apartments stock. The stock was bought at an average price 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 stock was bought at an average price of $16.25 per share, for a total transaction of $16,103.75.

BRT Apartments Stock Performance

Shares of NYSE BRT opened at $17.63 on Thursday. 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 cap of $327.57 million, a PE ratio of 97.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company has a 50-day simple moving average of $16.46 and a 200-day simple moving average of $17.28. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69.

BRT Apartments Announces Dividend

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 $0.25 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.00 annualized dividend and a yield of 5.67%. BRT Apartments’s dividend payout ratio (DPR) is presently 555.59%.

Institutional Investors Weigh In On BRT Apartments

Several hedge funds have recently made changes to their positions in BRT. State of Alaska Department of Revenue increased its stake in BRT Apartments by 18.6% in 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 purchasing an additional 871 shares during the last quarter. BTC Capital Management Inc. increased its stake in shares of BRT Apartments by 7.1% during the 3rd quarter. BTC Capital Management Inc. now owns 14,297 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 946 shares during the last quarter. Denali Advisors LLC lifted its holdings in shares of BRT Apartments by 61.2% during the 3rd quarter. Denali Advisors LLC now owns 10,800 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 4,100 shares during the period. Bailard Inc. acquired a new stake in shares of BRT Apartments in the third quarter worth approximately $251,000. Finally, Deutsche Bank AG grew its holdings in BRT Apartments by 1.3% in the third quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 632 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. B. Riley initiated coverage on shares of BRT Apartments in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.50 price target on the stock. JMP Securities lowered their target price on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a 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 December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.