BRT Apartments Corp. (NYSE:BRT) Major Shareholder Purchases $27,523.60 in Stock

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould acquired 1,742 shares of the stock in a transaction on Monday, June 16th. The shares were bought at an average price of $15.80 per share, for a total transaction of $27,523.60. Following the purchase, the insider now owns 3,980,912 shares in the company, valued at approximately $62,898,409.60. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

BRT Apartments Price Performance

BRT traded up $0.03 during trading on Wednesday, hitting $15.91. 19,923 shares of the stock traded hands, compared to its average volume of 33,452. The business has a 50 day moving average price of $15.66 and a 200 day moving average price of $16.99. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.99 and a quick ratio of 1.99. BRT Apartments Corp. has a twelve month low of $14.61 and a twelve month high of $20.22. The company has a market cap of $301.08 million, a price-to-earnings ratio of -33.14 and a beta of 1.03.

BRT Apartments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 6.29%. BRT Apartments's payout ratio is -208.33%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On BRT Apartments

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in BRT Apartments by 10,464.3% in the first quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,465 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of BRT Apartments by 131.4% in the fourth 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 last quarter. Strs Ohio acquired a new stake in shares of BRT Apartments in the 1st quarter valued at approximately $39,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of BRT Apartments in the 4th quarter valued at approximately $77,000. Finally, Wells Fargo & Company MN grew its holdings 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 valued at $137,000 after purchasing an additional 1,439 shares during the last quarter. Institutional investors and hedge funds 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.

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