Insider Buying: BRT Apartments Corp. (NYSE:BRT) Major Shareholder Buys 1,742 Shares of Stock

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould acquired 1,742 shares of BRT Apartments stock in a transaction on Monday, June 16th. The shares were bought at an average cost of $15.80 per share, with a total value of $27,523.60. Following the completion of the transaction, the insider now owns 3,980,912 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

BRT Apartments Trading Down 0.9%

BRT traded down $0.14 during trading on Friday, hitting $15.78. 54,899 shares of the stock traded hands, compared to its average volume of 33,346. The firm has a market capitalization of $298.70 million, a P/E ratio of -32.87 and a beta of 1.03. BRT Apartments Corp. has a 12-month low of $14.61 and a 12-month high of $20.22. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $15.68 and a 200 day moving average of $16.91.

BRT Apartments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 6.34%. BRT Apartments's payout ratio is presently -208.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRT. Wealth Alliance grew its position in shares of BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock worth $1,183,000 after buying an additional 38,475 shares during the last quarter. Noesis Capital Mangement Corp lifted its stake in BRT Apartments by 50.0% in the fourth quarter. Noesis Capital Mangement Corp now owns 15,000 shares of the financial services provider's stock worth $270,000 after acquiring an additional 5,000 shares during the period. Raymond James Financial Inc. bought a new stake in BRT Apartments in the fourth quarter valued at $795,000. Vanguard Group Inc. increased its position in BRT Apartments by 62.7% during the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider's stock valued at $20,068,000 after buying an additional 429,046 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in BRT Apartments by 76.2% in the fourth quarter. JPMorgan Chase & Co. now owns 38,087 shares of the financial services provider's stock worth $687,000 after acquiring an additional 16,466 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BRT shares. Wall Street Zen lowered shares of BRT Apartments from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Colliers Securities lowered shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. Finally, B. Riley cut their price target on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, March 27th.

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.