17,500 Shares in BRT Apartments Corp. (NYSE:BRT) Acquired by Lesa Sroufe & Co

Lesa Sroufe & Co acquired a new position in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,500 shares of the financial services provider's stock, valued at approximately $297,000. Lesa Sroufe & Co owned about 0.09% of BRT Apartments as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BRT. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 429,046 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BRT Apartments in the 4th quarter worth about $795,000. Wealth Alliance boosted its stake in BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock worth $1,183,000 after buying an additional 38,475 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of BRT Apartments by 76.2% in the fourth quarter. JPMorgan Chase & Co. now owns 38,087 shares of the financial services provider's stock worth $687,000 after acquiring an additional 16,466 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its position in shares of BRT Apartments by 19.5% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider's stock worth $1,343,000 after acquiring an additional 12,901 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company's stock.

Insider Buying and Selling

In other BRT Apartments news, CEO Jeffrey Gould acquired 3,026 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $15.93 per share, for a total transaction of $48,204.18. Following the completion of the purchase, the chief executive officer now directly owns 3,973,570 shares in the company, valued at $63,298,970.10. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Investors L. P. Gould purchased 5,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $15.93 per share, for a total transaction of $79,650.00. Following the completion of the transaction, the insider now directly owns 3,979,170 shares in the company, valued at approximately $63,388,178.10. This trade represents a 0.13% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 38,105 shares of company stock valued at $594,924. Corporate insiders own 42.00% of the company's stock.

BRT Apartments Trading Up 1.6%

Shares of BRT stock opened at $15.92 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. The stock has a market cap of $301.27 million, a price-to-earnings ratio of -30.03 and a beta of 1.03. The firm's 50 day moving average price is $15.67 and its two-hundred day moving average price is $17.00. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.28%. The ex-dividend date is Wednesday, June 25th. BRT Apartments's dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Colliers Securities cut shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. Wall Street Zen lowered shares of BRT Apartments from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, B. Riley reduced their target price on BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, March 27th.

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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