Investors L. P. Gould Acquires 7,500 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould bought 7,500 shares of the stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $15.45 per share, for a total transaction of $115,875.00. Following the completion of the transaction, the insider now directly owns 3,951,184 shares of the company's stock, valued at $61,045,792.80. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

BRT Apartments Stock Performance

NYSE:BRT traded down $0.15 during trading on Friday, reaching $15.79. The company's stock had a trading volume of 26,002 shares, compared to its average volume of 33,473. The firm has a market cap of $298.81 million, a price-to-earnings ratio of -29.78 and a beta of 1.07. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a 50 day moving average of $15.77 and a 200-day moving average of $17.29. BRT Apartments Corp. has a 12 month low of $14.61 and a 12 month high of $20.22.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.34%. BRT Apartments's dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BRT shares. Wall Street Zen downgraded BRT Apartments from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. B. Riley decreased their price target on BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Colliers Securities downgraded BRT Apartments from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in BRT Apartments by 10,464.3% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,465 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider's stock worth $31,000 after acquiring an additional 991 shares during the period. Strs Ohio bought a new position in shares of BRT Apartments during the 1st quarter worth $39,000. Resona Asset Management Co. Ltd. bought a new position in shares of BRT Apartments during the 4th quarter worth $77,000. Finally, Wells Fargo & Company MN grew its stake in shares of BRT Apartments by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock worth $137,000 after acquiring an additional 1,439 shares during the period. Institutional investors own 29.07% of the company's stock.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.