BRT Apartments (NYSE:BRT) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• BRT Apartments has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook for the stock.
• The company's stock opened at $15.67, with a market capitalization of approximately $296.69 million and a PE ratio of -31.99.
• Insiders have recently increased their holdings, with the Director and CEO both purchasing shares, reflecting confidence in the company despite the downgrade.

BRT Apartments (NYSE:BRT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday.

BRT Apartments Trading Down 0.2%

BRT Apartments stock opened at $15.67 on Friday. The firm has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $15.87. 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 has a market capitalization of $296.69 million, a PE ratio of -31.99 and a beta of 0.94. BRT Apartments has a 12-month low of $14.17 and a 12-month high of $20.22.

Insider Activity at BRT Apartments

In related news, Director Fredric H. Gould acquired 8,758 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was acquired at an average cost of $15.96 per share, for a total transaction of $139,777.68. Following the completion of the acquisition, the director directly owned 466,457 shares of the company's stock, valued at approximately $7,444,653.72. The trade was a 1.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Gould acquired 4,478 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $14.94 per share, with a total value of $66,901.32. Following the completion of the acquisition, the chief executive officer directly owned 4,036,932 shares of the company's stock, valued at approximately $60,311,764.08. This represents a 0.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 39,546 shares of company stock valued at $623,129 over the last quarter. Insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in BRT Apartments by 10,464.3% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock worth $25,000 after buying an additional 1,465 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in BRT Apartments by 111.8% during the second 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 in the last quarter. Strs Ohio bought a new stake in BRT Apartments during the first quarter worth approximately $39,000. BNP Paribas Financial Markets boosted its holdings 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 worth $49,000 after buying an additional 2,497 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 2,480 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.

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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