Vanguard Group Inc. Purchases 17,850 Shares of BRT Apartments Corp. $BRT

Key Points

• Vanguard Group Inc. increased its stake in BRT Apartments Corp. by 1.6%, owning approximately 5.97% of the company, valued at $19.2 million as of the end of the first quarter.
• Major shareholder Investors L. P. Gould acquired 1,742 shares at an average price of $15.80, increasing their total ownership to 3,980,912 shares, valued at nearly $62.9 million.
• BRT Apartments recently announced a quarterly dividend of $0.25 per share, translating to an annual yield of 6.3%, despite having a negative payout ratio of -204.08%.

Vanguard Group Inc. lifted its stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,130,907 shares of the financial services provider's stock after buying an additional 17,850 shares during the period. Vanguard Group Inc. owned about 5.97% of BRT Apartments worth $19,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRT. Tidal Investments LLC increased its stake in shares of BRT Apartments by 5.2% in the fourth quarter. Tidal Investments LLC now owns 19,168 shares of the financial services provider's stock valued at $346,000 after buying an additional 952 shares during the period. Tower Research Capital LLC TRC increased its holdings 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 worth $31,000 after purchasing an additional 991 shares in the last quarter. Albert D Mason Inc. increased its holdings in BRT Apartments by 1.8% in the first quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock worth $1,197,000 after purchasing an additional 1,278 shares in the last quarter. Wells Fargo & Company MN lifted its stake in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock valued at $137,000 after buying an additional 1,439 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of BRT Apartments by 10,464.3% during the 1st 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. Institutional investors own 29.07% of the company's stock.

Insider Transactions at BRT Apartments

In related news, CEO Jeffrey Gould purchased 3,468 shares of the company'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 acquisition, the chief executive officer directly owned 4,040,400 shares in the company, valued at $60,444,384. The trade was a 0.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Investors L. P. Gould acquired 1,742 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of $15.80 per share, for a total transaction of $27,523.60. Following the acquisition, the insider owned 3,980,912 shares of the company's stock, valued at $62,898,409.60. The trade was a 0.04% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 18,414 shares of company stock worth $285,287. Corporate insiders own 40.20% of the company's stock.

BRT Apartments Trading Up 0.3%

NYSE BRT traded up $0.05 during trading on Wednesday, hitting $15.57. 12,952 shares of the company's stock traded hands, compared to its average volume of 30,587. The firm has a market cap of $294.65 million, a P/E ratio of -31.76 and a beta of 0.94. BRT Apartments Corp. has a 12-month low of $14.17 and a 12-month high of $20.22. 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 fifty day moving average of $15.49 and a two-hundred day moving average of $16.09.

Wall Street Analyst Weigh In

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

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.