Fredric H. Gould Buys 8,265 Shares of BRT Apartments (NYSE:BRT) 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 H. Gould bought 8,265 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $15.83 per share, with a total value of $130,834.95. Following the completion of the acquisition, the director owned 457,699 shares in the company, valued at approximately $7,245,375.17. This represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BRT Apartments Stock Performance

Shares of NYSE:BRT traded up $0.09 during trading on Tuesday, hitting $16.31. 19,790 shares of the stock traded hands, compared to its average volume of 23,954. The company has a market cap of $308.75 million, a price-to-earnings ratio of -33.29 and a beta of 0.94. The company has a fifty day moving average price of $15.51 and a two-hundred day moving average price of $15.97. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51. BRT Apartments Corp. has a 52-week low of $14.17 and a 52-week high of $20.22.

BRT Apartments Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 valued at $31,000 after buying an additional 991 shares during the last quarter. Osaic Holdings Inc. lifted its position in BRT Apartments by 111.8% in the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock valued at $28,000 after buying an additional 955 shares during the last quarter. Strs Ohio acquired a new position in BRT Apartments in the first quarter valued at about $39,000. Finally, BNP Paribas Financial Markets lifted its position in BRT Apartments by 388.9% in the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider's stock valued at $49,000 after buying an additional 2,497 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.