BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould Acquires 991 Shares

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould bought 991 shares of the stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of $16.25 per share, with a total value of $16,103.75. Following the completion of the purchase, the chief executive officer now directly owns 3,528,927 shares of the company’s stock, valued at approximately $57,345,063.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 25th, Jeffrey Gould acquired 4,275 shares of BRT Apartments stock. The shares were bought at an average price of $16.48 per share, with a total value of $70,452.00.

BRT Apartments Trading Up 3.8 %

Shares of NYSE BRT opened at $16.42 on Thursday. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.69. The firm has a market cap of $304.99 million, a PE ratio of 91.20 and a beta of 1.14. The business has a fifty day simple moving average of $16.43 and a two-hundred day simple moving average of $17.34. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th will be given a $0.25 dividend. 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 payout ratio is presently 555.59%.

Institutional Trading of BRT Apartments

Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY increased its holdings in shares of BRT Apartments by 83.9% in 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 acquiring an additional 635 shares during the period. Orion Capital Management LLC bought a new stake in BRT Apartments during the third quarter valued at about $35,000. Barclays PLC grew its stake in BRT Apartments by 166.9% in the fourth 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 during the last quarter. Citigroup Inc. raised its holdings in BRT Apartments by 13,260.7% in 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 in 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 valued at $95,000 after buying an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reduced their target price on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock 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.