BRT Apartments (NYSE:BRT) Director Acquires $130,834.95 in Stock

Key Points

• Director Fredric Gould purchased 8,265 shares of BRT Apartments stock for a total of $130,834.95, increasing his ownership by 1.84% and bringing his total stake to approximately $7.25 million.
• BRT Apartments announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 6.1%.
• Institutional investors have significantly increased their holdings in BRT Apartments, with Osaic Holdings Inc. raising its position by 111.8% and BNP Paribas Financial Markets increasing by 388.9% during the second quarter.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) Director Fredric Gould acquired 8,265 shares of BRT Apartments stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $15.83 per share, for a total transaction of $130,834.95. Following the transaction, the director owned 457,699 shares of the company's stock, valued at approximately $7,245,375.17. The trade was a 1.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BRT Apartments Price Performance

Shares of BRT stock traded up $0.31 during mid-day trading on Thursday, hitting $16.45. The company had a trading volume of 27,946 shares, compared to its average volume of 30,668. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.75 and a quick ratio of 1.75. The stock's 50 day moving average price is $15.49 and its 200-day moving average price is $16.02. BRT Apartments Corp. has a 52-week low of $14.17 and a 52-week high of $20.22. The company has a market capitalization of $311.30 million, a P/E ratio of -33.56 and a beta of 0.94.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.1%. BRT Apartments's payout ratio is -204.08%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded BRT Apartments from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Hedge Funds Weigh In On BRT Apartments

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in shares of BRT Apartments by 111.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock worth $28,000 after buying an additional 955 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in BRT Apartments by 328.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,236 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,480 shares during the last quarter. Tidal Investments LLC increased its stake in BRT Apartments by 22.4% during the second quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider's stock worth $367,000 after acquiring an additional 4,286 shares during the last quarter. BNP Paribas Financial Markets raised its position in BRT Apartments by 388.9% during the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 2,497 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of BRT Apartments by 1.0% in the 2nd quarter. Prudential Financial Inc. now owns 77,205 shares of the financial services provider's stock valued at $1,207,000 after purchasing an additional 770 shares during the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Company Profile

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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