BRT Apartments (NYSE:BRT) Upgraded at Wall Street Zen

Key Points

• BRT Apartments has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the company's stock.
• Insider buying activity has been notable, with CEO Jeffrey Gould purchasing 3,468 shares, increasing his ownership stake in the company.
• Institutional investors own 29.07% of BRT Apartments, with several firms increasing their positions in the first quarter of the year.

BRT Apartments (NYSE:BRT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

BRT Apartments Price Performance

Shares of BRT Apartments stock traded down $0.11 during trading on Friday, hitting $16.07. 6,956 shares of the stock traded hands, compared to its average volume of 30,708. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51. The stock has a market cap of $304.22 million, a price-to-earnings ratio of -32.91 and a beta of 0.94. The firm's fifty day moving average is $15.55 and its 200-day moving average is $15.93. BRT Apartments has a 52 week low of $14.17 and a 52 week high of $20.22.

Insider Buying and Selling at BRT Apartments

In other news, Director Fredric H. Gould acquired 1,977 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was purchased at an average price of $16.42 per share, for a total transaction of $32,462.34. Following the completion of the transaction, the director directly owned 23,034 shares in the company, valued at approximately $378,218.28. This trade represents a 9.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Gould acquired 3,468 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $14.96 per share, with a total value of $51,881.28. Following the transaction, the chief executive officer owned 4,040,400 shares of the company's stock, valued at approximately $60,444,384. This represents a 0.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 39,546 shares of company stock worth $623,129. Company insiders own 40.20% of the company's stock.

Institutional Trading of BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of BRT. GAMMA Investing LLC raised its stake in shares of 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 valued at $25,000 after acquiring an additional 1,465 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of BRT Apartments by 111.8% during the second quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 955 shares in the last quarter. Strs Ohio bought a new stake in shares of BRT Apartments during the first quarter valued at approximately $39,000. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 2,497 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $51,000 after acquiring an additional 2,480 shares in the last quarter. Institutional investors 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.