Lesa Sroufe & Co Buys Shares of 17,500 BRT Apartments Corp. (NYSE:BRT)

Lesa Sroufe & Co bought a new stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,500 shares of the financial services provider's stock, valued at approximately $297,000. Lesa Sroufe & Co owned 0.09% of BRT Apartments at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Alliance raised its stake in shares of BRT Apartments by 141.7% during the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 38,475 shares during the last quarter. Vanguard Group Inc. grew its holdings in BRT Apartments by 62.7% during the fourth quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider's stock worth $20,068,000 after acquiring an additional 429,046 shares during the period. Raymond James Financial Inc. purchased a new position in BRT Apartments during the fourth quarter valued at approximately $795,000. Barclays PLC lifted its holdings in BRT Apartments by 15.4% in the fourth quarter. Barclays PLC now owns 16,953 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 2,263 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 valued at $687,000 after acquiring an additional 16,466 shares during the period. 29.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BRT Apartments

In other news, CEO Jeffrey Gould purchased 3,026 shares of BRT Apartments stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $15.93 per share, with a total value of $48,204.18. Following the transaction, the chief executive officer now owns 3,973,570 shares in the company, valued at $63,298,970.10. This represents a 0.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Investors L. P. Gould acquired 1,742 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average price of $15.80 per share, with a total value of $27,523.60. Following the completion of the transaction, the insider now directly owns 3,980,912 shares of the company's stock, valued at $62,898,409.60. This trade represents a 0.04% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 39,947 shares of company stock valued at $624,022. 42.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen downgraded shares of BRT Apartments from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Colliers Securities cut shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research note 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 report on Thursday, March 27th.

BRT Apartments Price Performance

Shares of BRT stock traded down $0.14 during trading hours on Friday, reaching $15.78. The company had a trading volume of 54,899 shares, compared to its average volume of 33,461. BRT Apartments Corp. has a 12-month low of $14.61 and a 12-month high of $20.22. The company has a market capitalization of $298.70 million, a price-to-earnings ratio of -32.87 and a beta of 1.03. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a fifty day moving average of $15.68 and a 200-day moving average of $16.96.

BRT Apartments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 6.34%. BRT Apartments's payout ratio is -208.33%.

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.